Bitcoin Magazine: Bitcoin L2 standards must meet three conditions

ChainCatcher news, the well-established Bitcoin news media "Bitcoin Magazine" has published an article on its official website clarifying its Bitcoin L2 standards.

It mainly includes the following three points: 1. Use Bitcoin as the native asset. 2. Use Bitcoin as a settlement mechanism to enforce transactions: L2 users must be able to return to a mechanism of asset control on layer one (trustworthy or untrustworthy). 3. Demonstrate functional dependency on Bitcoin: If the Bitcoin network fails but the related systems can still operate, then that system is not a Bitcoin L2.

The article states that, given the new wave of speculators attempting to leverage the development of Bitcoin L2 to promote their crypto assets, Bitcoin Magazine will determine Bitcoin L2 based on the above standards and decide whether to report on it.