Stacks founder: Bitcoin needs L2 more than Ethereum, and developers are returning

Odaily Report: In a panel discussion, Stacks founder Muneeb Ali stated that the general consensus in the blockchain and cryptocurrency industry is that Bitcoin is an outdated chain, and you cannot do anything with it, which is also reflected in the developer community. This misconception only began to change about a year ago, as developers realized that in addition to challenges, you can develop on the Bitcoin chain. Ali said, "Developers are returning to the mothership," and more and more people are realizing that Bitcoin L2 and sidechains will play an important role in Bitcoin's future. He also believes that "Bitcoin needs L2 more than Ethereum, because Ethereum is programmable at the base layer." He added that as early as the 2013-2014 Bitcoin era, there was the idea that any successful small blockchain experiment would return to Bitcoin. At the time, some viewed the then-immature Ethereum ecosystem as a testnet for Bitcoin. "It took a long time, but it's finally happening now," Ali explained, adding that Ethereum has effectively contributed over five years of R&D, allowing Bitcoin project developers to no longer spend four or five years exploring what has already been discovered. (The Block)