Binance News: CZ Sparks Debate on AI Projects’ Choice Between L1 and L2 Blockchains

Binance co-founder Changpeng Zhao has sparked a lively debate in the cryptocurrency community about the optimal blockchain layer for AI-focused projects.

CZ Discusses AI Projects on L1 vs L2 Blockchains

Binance co-founder Changpeng Zhao sparked a debate on social media about whether AI-focused blockchain projects should build on their own Layer 1 (L1) networks or rely on existing Layer 2 (L2) solutions. Zhao noted that the main goal of such projects is to use blockchain technology for AI-related economic models, adding that having your own L1 provides sovereignty and decentralization but is also a lot more work. On the other hand, L2 solutions save this work but may not offer the same level of control.

Binance Lists RedStone (RED) Despite Previous Delisting Announcement

Binance has listed RedStone’s RED token despite initially refusing due to unexpected changes in the community airdrop distribution. The price has rebounded, but some community resentment may remain. RedStone is a DeFi oracle project that has gained popularity and support from leaders in Liquid Staking.