Vitalik Buterin Urges Bitcoin to Embrace Layer-2 Solutions for Scalability

Ethereum's co-founder Vitalik Buterin suggests Bitcoin to explore layer-2 solutions like ZK-rollups for increased scalability. Buterin believes the Bitcoin network needs scalable solutions like zero-knowledge rollups (ZK-rollups) to become more than another digital commodity.

During his attendance at Korea Blockchain Week (KBW), Ethereum co-founder Vitalik Buterin stated that blockchain data compression is the final barrier to scaling transactions to the level required for global adoption. He emphasizes the importance of exploring layer-2 technologies to overcome these limitations.

Vitalik Buterin acknowledged the significance of Bitcoin’s layer-2 solution, the Lightning Network, in addressing scalability challenges. He also commended the emergence of new initiatives, pushing for further development and adoption of these solutions within the Bitcoin ecosystem.

Rollups: A Model for Bitcoin?

Buterin citó Optimism y Arbitrum como dos ejemplos exitosos de rollups que podrían considerarse casos de estudio para Bitcoin, y añadió: Creo que si queremos que Bitcoin can learn from Ethereum's experiences.

Buterin Praises Ordinals and the Lightning Network

Buterin praised Ordinals for reintroducing a culture of innovation to the Bitcoin community. Bitcoin Ordinals now represent the newest layer-2 solution that facilitates the decentralized storage of digital art on the BTC blockchain. He also applauds the impact of Bitcoin’s Lightning Network, highlighting its role in enabling faster and cheaper transactions.

Ultimately, Ethereum's co-founder Vitalik Buterin believes that by actively exploring and implementing layer-2 solutions, the Bitcoin network can unlock its full potential and pave the way for broader adoption and utility.