[2024-08-06] Bitcoin Faces Layer 2 Scalability Issues

[CoinTürk]

A recent report by Galaxy Research has shed light on the potential long-term sustainability issues concerning Bitcoin‘s Layer 2 (L2) scaling solutions. The report emphasizes that while rollup solutions have become popular for their ability to keep transactions affordable, fast, and decentralized, they might encounter economic challenges due to Bitcoin’s inherent block space limitations and associated costs.

Read the full article here: https://en.bitcoinhaber.net/bitcoin-faces-layer-2-scalability-issues

[cr1776]

A recent report by Galaxy Research has shed light on the potential long-term sustainability issues concerning Bitcoin‘s Layer 2 (L2) scaling solutions. The report emphasizes that while rollup solutions have become popular for their ability to keep transactions affordable, fast, and decentralized, they might encounter economic challenges due to Bitcoin’s inherent block space limitations and associated costs.

Read the full article here: https://en.bitcoinhaber.net/bitcoin-faces-layer-2-scalability-issues

There have been skeptics for 15 years and people have found solutions to the issues.  Perhaps they are correct, but (a) I think people are willing to pay for what they use if they get a benefit from it and (b) some solutions that resolve these concerns will come along.

[Saint-loup]

It's a bad news if the article is right to be honest, because BTC really needs some layer2 solutions quickly, in order to stay competitive against cryptos using such technologies or using a blockchain/decentralized ledger fastly and cheaply. Unfortunately Lightning Network technology is not convenient currently, and still not widely adopted, then people often prefer to use some altcoins to make deposits or to pay rather than using Bitcoin on chain or through LN.