Bitcoin Magazine: The Bitcoin L2 standard must meet three conditions

On February 25th, Bitcoin Magazine published an article on its official website clarifying its Bitcoin L2 standard. It mainly includes the following three points:

1. Use Bitcoin as the native asset;

2. Use Bitcoin as the settlement mechanism to enforce transactions: L2 users must be able to return the control mechanism of their layer 1 assets (trusted or untrusted);

3. Show dependency on the functionality of Bitcoin: if the Bitcoin network fails but the related system can still maintain operation, the system is not Bitcoin's L2.

The article states that, given that a new wave of speculators is trying to promote their encrypted assets through the development of Bitcoin L2, Bitcoin Magazine will judge Bitcoin L2 based on the above standards and decide whether to report on it.