There are hundreds of Bitcoin ‘layer 2s’
Unbeknownst to most of the Bitcoin community, there are apparently 400 ‘layer 2s’ operating on the blockchain. That ballpark estimate comes from Shehzan, founder of Lava, a loan platform that uses Bitcoin, Solana, and stablecoins. Speaking on the August 25 edition of the YouTube-based Gwart Show , Shehzan, along with Gwart and fellow commentator Shinobi, called into question the benefit of these hundreds of roll-ups and alternative blockchains that use Bitcoin’s ledger. Some estimates place the number at a much lower 80 or 85, while others exceed 1,000. Estimates vary to such an extent because anyone can ‘roll-up’ data and broadcast a tiny hash to any miner, which technically creates a ‘Bitcoin layer 2.’ Indeed, many are simple clones of Ethereum roll-ups, processing substantially all activities on a centralized server outside of the Bitcoin network and broadcasting a periodic hash of that state into Bitcoin blocks. Moreover, they’re easy to create . Indeed, one d...