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Thenewscrypto

02/05/2024

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Cardano Founder Charles Hoskinson Doubts Bitcoin L2's Potential

The BTC network, he said, cannot adapt to the ever-changing L2 environment. BTC is unlikely to undergo many changes or introduce any new features as per Hoskinson. In comparison to the ecosystems of Ethereum...

Cardano Founder Charles Hoskinson Doubts Bitcoin L2's Potential
  • The BTC network, he said, cannot adapt to the ever-changing L2 environment.
  • BTC is unlikely to undergo many changes or introduce any new features as per Hoskinson.

In comparison to the ecosystems of Ethereum and Cardano, Charles Hoskinson, founder of Cardano (ADA), believes that Bitcoin L2 does not have sufficient potential.

According to Hoskinson, Bitcoin isn’t robust enough to handle a layer-2 scaling solution, in reaction to an update given by Muneeb Ali, co-creator of the Stacks protocol, about the Satoshi Round Table that took place in Dubai. The BTC network, he said, cannot adapt to the ever-changing L2 environment.

Ongoing Enhancements to Ethereum and Cardano Networks

Hoskinson bolstered his case for Bitcoin L2 by bringing up the ongoing targeted enhancements to the Ethereum and Cardano networks. Most of the time, developers make these upgrades so they may release L2s that are more efficient, secure, effective, and dependable. One such update is the addition of BLS functionality to Plutus V3 via the Cardano protocol.

Both the Cardano Mithril and Hydra initiatives are undergoing separate modifications at the moment. In addition to fixing problems with website publishing workflows and smoke testing, the Hydra team has been making great strides.

The goal is to make the development environment more stable and to include additional “dogfooding” by using Mithril to synchronize nodes in smoke tests.

The Mithril team is now dealing with the release of the first version of the NPM package for the Mithril client. The necessary technological prerequisites for evolution are provided by developments of this sort. Since Ethereum’s fundamental protocol adequately supports L2 developers, the Ethereum community is thriving in this area as well.

According to Hoskinson, Bitcoin is unlikely to undergo so many changes or introduce any new features, which would make L2s seem outdated.

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