Ethereum

Mithril

Cardano

Hydra

Bitcoin

<ul>
 <li>The BTC network, he said, cannot adapt to the ever-changing L2 environment.</li>
 <li>BTC is unlikely to undergo many changes or introduce any new features as per Hoskinson.</li>
</ul>
In comparison to the ecosystems of Ethereum and Cardano, <a href="https://twitter.com/IOHK_Charles?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noopener noreferrer nofollow">Charles Hoskinson</a>, founder of <a href="https://thenewscrypto.com/a-hidden-gem-under-0-01-that-will-outperform-cardano-ada/" target="_blank" rel="noopener noreferrer nofollow">Cardano</a> (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.
<h3 class="wp-block-heading" id="h-ongoing-enhancements-to-ethereum-and-cardano-networks">Ongoing Enhancements to Ethereum and Cardano Networks</h3>
Hoskinson bolstered his case for Bitcoin L2 by bringing up the ongoing targeted enhancements to the <a href="https://thenewscrypto.com/date-revealed-binance-listed-unilends-product-to-launch-on-ethereum-mainnet-on-12th-feb/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> 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, <a href="http://bitcoin.org" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> is unlikely to undergo so many changes or introduce any new features, which would make L2s seem outdated.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/genesis-seeks-court-approval-for-sales-of-1-4b-worth-gbtc-shares/" target="_blank" rel="noopener noreferrer nofollow">Genesis Seeks Court Approval for Sales of $1.4B Worth GBTC Shares</a>

Cardano Founder Charles Hoskinson Doubts Bitcoin L2’s Potential

Table of Contents

TheNewsCrypto

Other articles published on Feb 5, 2024

Coinbase Expands Offerings with Two New Altcoin Listings

Avalanche (AVAX) and TRON (TRX) Holders Inspired by Pushd’s (PUSHD) Incredible Presale Response

IDEXX (IDXX) Surpasses Expectations with $902 Million in Q4 Revenue and a 13% EPS Increase

Dogecoin Faces High Volatility Warning

Cryptocurrency Experts Eye Rebel Satoshi for Major Breakthroughs in 2024

Flare Price Prediction: FLR Is Top Weekly Gainer After 42% Surge As Experts Say This Other Meme C...

Join our free newsletter for daily crypto updates!