Haotian | CryptoInsight
Haotian | CryptoInsight|May 12, 2025 03:26
I think this type of Bitcoin L2 native revenue plan essentially achieves a "cheat style" extension while maintaining the original mainnet value characteristics unchanged: 1) BitVM2 is the core security mechanism that enables the verification of L2 layer status on the Bitcoin mainnet, cleverly bypassing the limitations of Bitcoin scripting language and extending the natural security of the Bitcoin mainnet to the L2 layer. This is not simply an 'extra layer of bridge', but a true secure inheritance. 2) The design of a decentralized Sequencer can be described as a technological aesthetic, coupled with the assumption of 1 of N honest nodes, achieving functions such as eliminating single point failures, fairer MEV allocation, and stronger anti censorship capabilities. This mechanism fundamentally changes the traditional "trust me not to do evil" paradigm and shifts towards the "verify if you don't believe me" paradigm, because the cost of maintaining honest nodes is much lower than the cost of bribing the entire network to attack. 3) The design of economic models is the key to achieving sustainable returns. Using BTC as a gas fee allows Bitcoin holders to no longer be passive "hoarders" but active "beneficiaries". Compared to earning capital fees by entrusting BTC to a centralized exchange, this self custodial pledge method allows users to receive real economic activity benefits on L2, including transaction fees, MEV income, BTCFi application income, and more. In this way, this Bitcoin expansion scheme not only maintains the core characteristics of Bitcoin as a value storage, but also expands the application boundaries through L2 innovation.
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