-As they interact with and communicate with L2s, but with final settlements done natively on Bitcoin, outside of the L2s.
-It's an alternatives to developers and users who wish to build and settle within the native Bitcoin layer.Unlike wrapped BTC which issues chain-agnostic (software and hardware that are compatible with many different blockchain networks, including layer 2s.) without having the underlying BTC being custodied on a L2 multi-sig bridge.
In short ist's Bitcoin + interoperability + scalability . . #BTCHalvingApril2024 #BullorBear