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?