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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on January 04, 2024, 10:35:05 AM

Title: STX20 Protocol Demonstrates Potential for Scaling Bitcoin Ordinals on an L2 Netw
Post by: sirty143 on January 04, 2024, 10:35:05 AM

STX20 Protocol Demonstrates Potential for Scaling Bitcoin Ordinals on an L2 Network

(https://i.imgur.com/IA22kjOm.jpg)

According to developers behind the project, the debut of the STX20 protocol on Stacks’ Bitcoin layer two (L2) has marked a pivotal moment for Ordinals-style assets. Amid growing demand for innovative use cases in the Bitcoin ecosystem... See more for yourself here (https://news.bitcoin.com/stx20-protocol-demonstrates-potential-for-scaling-bitcoin-ordinals-on-an-l2-network/).

Your opinion is greatly appreciated.

Title: Re: STX20 Protocol Demonstrates Potential for Scaling Bitcoin Ordinals on an L2 Netw
Post by: joniboini on January 06, 2024, 05:27:46 AM

Seems promising if the numbers they provided are correct. I wonder how secure the network is though. Compared to other layer 2, it doesn't really offer anything new other than efficiency it seems. If the goal of layer 2 is just to provide a better tool to mint NFTs, I'm doubtful it will attract interest from others if the hype around NFTs dies. They seem to be critical of other layer 2 but don't really state what their plan is beyond ordinal too. Can they even attract interest from ordinal users to move to their chain instead of using the main network, especially when fees are not as expensive as before?