Layer 2 of ETH

The well-known Ethereum Layer 2 that has launched the main network includes Arbitrum, Optimism, and Polygon. But do you think these are exactly what you expected?

I think everyone’s answer is NO.

Although Arb/Opt uses opt roll-up technology to solve the problem of cross-chain connection from trusted Layer1 to Layer2, the availability of Arb/Opt is like a complete copy of the Ethereum mainnet.

I think it is significant for Arb/Opt to test the feasibility of Rollup’s Layer 2 technology on a credible basis, but there is no doubt about the significance of Layer 2 which is homogeneous with Ethereum.

Nonetheless, there is also a Layer 2 project Polygon with a good self-built ecology. Although Polygon is called Layer 2, it looks like Layer 1 of homogeneous Ethereum and is similar to BSC solving the most difficult problem of Layer 1.

If it belongs to its own ecology, then this is also a good product or we respectfully call it a good “Layer2”.

Because since we developed products, we have summed up a term: “A product that can continue to attract users is a great product.”

Ideal ETH Layer 2

The most respected Layer2 project in Ethereum should be zkSync and there are the following points to explain it.

Layer 2 of BTC

1. Lightning Network

The Lightning Network uses the incomplete smart contract primitives on Bitcoin: time locks combined with multiple signatures to cleverly solve the problem of rapid payment transfers that reach an agreement between the two parties.

But the limitations are also obvious. At present, it only stays at the level of payment and transfer, and it is impossible to realize a large-scale smart contract platform with BTC as the core.

2.BlockStream Liquid VS ChainX VS RenBTC VS WBTC

Ideal BTC Layer2

The technical vision of ChainX is to extend the already implemented Taproot distributed threshold signature contract cross-chain technology to the Lightning Network.

Using taproot to optimize the Lightning Network, package an intermediate Layer, package the primitives of the Lightning Network, and then be compatible with the EVM, smart contract platforms such as MOVE V the Upper Layer.

To be a fully decentralized, infinitely scalable multi-programming language and multi-VM compatible smart contract platform.

Ideal Layer2

The ideal Layer 2 absolutely supports both the ideal Ethereum Layer 2 and the ideal BTC Layer 2. At the same time, it can have unlimited performance scalability and then supports any Smart Contract programming Layer 2.

Of course, all ideals need a greater reality that is Layer 2 has a continuous influx of users. Only when there is a continuous influx of users, such technology is meaningful.

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ChainX is the largest Layer-2 network of Bitcoin, based on Substrate, and will evolve into the Polkadot Secondary Relay Chain.

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ChainX is the largest Layer-2 network of Bitcoin, based on Substrate, and will evolve into the Polkadot Secondary Relay Chain.