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Do BTC Bitcoin really need L2?
With the explosion of the BTC Bitcoin ecology led by Ordinals twice, the new concept inscription has been successfully out of the circle, and if you don't understand the inscription, it seems to be very low in the Blockchain circle. The inscription has become a new way of asset issuance, and the time and cost of project parties, market makers, large investors, and retail investors are all running the same line, and the change is nothing more than the level of gas fees. When the inscription is bullish, the gas on the chain usually flies, which also creates many projects that claim to be Bitcoin L2, as well as supporting institutional financing, which is lively for a while, and the market focus is condensed on the Bitcoin ecology.
1. Why is Bitcoin popular and more valuable?
A: Because Decentralization is one of its important features. And the current so-called Bitcoin L2 practice is to pledge Decentralization L1 assets and lock them on the centralized bridge, is this a bit of a taste of putting the cart before the horse? Back to centralization, so it is better to trade directly on the CEX centralized exchange, is it simply redundant? Forget the Blockchain itself to pursue the characteristics of decentralization?
The second is to bring the Bitcoin ecosystem out of the circle is the inscription index system, not the smart contract of Ether?
A: A lot of the so-called Bitcoin L2 nowadays. Most of the current so-called Bitcoin L2 practices are going to the direction of smart contract development, and L2 for smart contract. So the question is, do we really want smart contracts? In addition to smart contracts, there can be no other technical routes? Are there fewer assets stolen by hackers every year because of the vulnerabilities of smart contracts? Don't limit our imagination because of fake mature technical routes. Inscriptions are nothing new, but they are simple and straightforward enough, and sometimes the effectiveness of a minimalist system is much higher than that of something a little technical.
The third is that the indexing system of the inscription itself is another form of L2?
A: I've repeatedly brought up one point: on-chain marking, off-chain computation. The inscription system is the most suitable for on-chain inscription of the simplest and most cost-effective text to mark the Bitcoin main chain, and put the calculation directly off-chain. This is much more efficient than pseudo-decentralization but disguised centralized garbage chains, and I see this potential in a certain DeFi and a certain 24 protocol. In fact, don't pretend, even the top few mainstream chains such as BSC and SOL can go down at any time, pull out the network cable, and backtrack, and what Decentralization Blockchain are you pretending, saying that your multi-centralization is enough to give you face, not to mention that most of the Node are still in the hands of your affiliates. Rather than this, it is better to tear off the camouflage and calculate it directly under the chain. Each index indexes according to the same rules, and then uses products similar to Oracle Machines to correct data with each other for index output, is it not more efficient and relatively decentralized than ordinary pseudo-Decentralization nodes?
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