Coinspeaker
Mempool Developer Criticizes Many Bitcoin Layer 2 Solutions, Claims They Are Created to Defraud Users

Bitcoin (BTC) has faced some challenges in terms of scalability, leading to a pursuit of solutions to improve its ability to process transactions. In the bid to propose solutions, Layer 2 (L2) technologies have emerged, offering the potential to ease the strain on the base layer and unlock new possibilities for the digital asset. However, the path to scalability has sparked a divisive debate within the crypto community, with supporters expressing their concerns about the advantages and potential risks of various L2 implementations.

If your Bitcoin L2 doesn't support unilateral exit, that's not your L2 that's a multisig. pic.twitter.com/Ors4ZvpmjX

— mononaut (tx/acc) (@mononautical) April 10, 2024

A notable critic is the developer of Mempool, Mononaut, who has expressed their concerns about various BTC L2 solutions. Their critique covers a range of fact...