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- Staying safe in the Layer 2 space: A guide for investors
Staying safe in the Layer 2 space: A guide for investors
GM,
Bitcoin's Layer 2 solutions are at the forefront, but how can you determine if one L2 is better than another?

Here are some criteria to consider:
Check for Decentralization: A good Layer 2 should be managed by a wide range of participants rather than just a few.
It should use technology similar to the main Bitcoin network to ensure security.
Verify Smart Contract Capability and Usage: The Layer 2 should be capable of handling smart contracts and be actively used for real-world applications.
This demonstrates its functionality and practicality.
Pay Attention to History and Team: A reliable Layer 2 should have a well-established development history and a competent team behind it, rather than being a brand new project.
Ensure Smooth Integration with Bitcoin: A good Layer 2 should seamlessly integrate with Bitcoin, using the same addresses and allowing for easy exchange between the two.
Check for Open Source Status: A trusted Layer 2 should be open source, meaning its code is publicly available for anyone to access.
This encourages collaboration and improvement from the broader community.
If you're looking for a safe bet, this is the place to be.
MVC is here to stay and help develop Web3.
Let's keep pushing forward!
JACQUES - SPACE EXPLORER
PS: What are your criteria?