Waterdrip Compares BTC L2s: Lightning, RGB, BitVM & More
Waterdrip Capital surveys the BTC L2 landscape, comparing Lightning, Thunderbolt, RGB, ZK-rollups, and BitVM/BitVM2. It highlights BitVM’s unique approach of enabling Turing-complete computation directly in Bitcoin Script, positioning it as a frontier experiment for secure, BTC-native smart contracts.
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The BTC Ecosystem Race: Who Will Emerge as the Ultimate Value Carrier?
If BTC has already been widely recognized as “digital gold,” why is further ecosystem development still necessary? The answer lies in BTC’s extremely simplified scripting language and its PoW consensus, which ensures unmatched security and decentralization, but also severely limits scalability and programmability. As the foundational anchor asset of the entire crypto industry, BTC still has vast untapped potential. For instance, if just 10% of BTC (about 2.1 million coins) were deployed in DeFi, at a price of $100,000 per coin, this could unlock as much as $210 billion in liquidity.