#cardano Founder Remains Skeptical About Bitcoin L2 Development
Cardano founder Charles Hoskinson expressed skepticism about Bitcoin Layer 2 (L2) developments in a recent post. His comments, in contrast to discussions at the #Satoshi Roundtable event in Dubai, questioned the potential benefits of the solution.
On February 4, Muneeb Ali, co-creator of the Stacks protocol, shared a thread on X, highlighting the community's excitement about potential developments in the Bitcoin ecosystem. He noted that the 10th Satoshi Roundtable focused on Bitcoin Layer 2 solutions, particularly anticipating BitVM and increased acceptance of Layer 2 investments.
However, Hoskinson offered a different perspective, emphasizing that Bitcoin lacks the potential to accommodate dynamic Layer 2 solutions compared to Ethereum and Cardano. He argued that Bitcoin does not undergo constant upgrades and developments, unlike Cardano and Ethereum, which continually enhance their systems. Hoskinson specifically mentioned upgrades like BLS support in Cardano's Plutus V3 for an improved experience with Layer 2.
Moreover, he stated that Bitcoin is unlikely to "change or add any additional functionality," and achieving a decentralized #Layer2 on Bitcoin is "insanely" impossible without a centralized or federated infrastructure. Hoskinson dismissed the Satoshi Roundtable event, labeling it as a typical Bitcoin halving event narrative that he has witnessed multiple times.
Source - coinedition.com