Cryptocurrency Q&A What is BTC layer 2?

What is BTC layer 2?

Valentina Fri Sep 27 2024 | 6 answers 1521

Could you please elaborate on what exactly is BTC layer 2? I've heard the term being mentioned frequently in the cryptocurrency space, but I'm not entirely clear on its definition and purpose. Is it a new type of blockchain technology? Or is it an enhancement to the existing Bitcoin network? How does it differ from the traditional BTC layer 1? I'm interested in understanding its potential benefits and implications for the future of cryptocurrency transactions. What is BTC layer 2?

What is BTC layer 2?

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