Charles Hoskinson, the founder of the public blockchain Cardano, expressed low expectations for the development prospects of Bitcoin Layer2 network. He bluntly stated that it is merely a hype created by various projects hoping to capitalize on the Bitcoin halving frenzy.
Last Sunday (4th), Charles Hoskinson responded to Muneeb Ali, the co-founder of the Bitcoin Layer2 network Stacks, on the social platform X (formerly Twitter) when discussing the latest progress of BTC. He stated that Bitcoin cannot support the activities of Layer2 networks.
Regarding his viewpoint, Charles explained that public blockchains like Cardano and Ethereum will continue to undergo targeted upgrades aimed at enhancing the ability of developers to deploy efficient and secure Layer2 networks on their networks. Examples include BLS, which has been added to Cardano’s Plutus V3, as well as projects like Hydra and Mithril.
However, he pointed out that Bitcoin will not change or add any additional functionalities. Furthermore, Charles bluntly stated that the entire concept of Bitcoin Layer2 is actually riding the hype of the Bitcoin halving event.
In response to Charles’ doubts, Muneeb Ali stated that developing the Bitcoin Layer2 network does not require any changes to Bitcoin itself. At the same time, many community members have great confidence in the Bitcoin Layer2 network, stating that it:
Whether Charles Hoskinson is praising his own public blockchain Cardano or if he truly has a negative view on the development of Bitcoin Layer2, more time is needed for verification.
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