We've seen a number of projects calling themselves "Bitcoin Layer 2 networks" making noise. The bad kind of noise. From their inability to attract real users to disastrous launches, Bitcoin L2s have become (for many) a concept to fear, more than a source of hope. At GOAT, we recognize that we too have a long way to go. The work we're doing today (and every day for the past two years) reflects the fact that we're not yet where we want to be. With that in mind, we're publishing a multi-part miniseries on what a Bitcoin L2 needs to do to succeed, and to separate itself from the pack of BTC L2 rivals who have, to date, struggled. We've already published Part 1: Inheriting Bitcoin Security, Part 2: Real-Time ZK Proving, and Part 3: BTC Yield. Here's Part 4: Killer Apps Vaporware. It's the worst kind of slur you can throw at a blockchain network operator. Vaporware means that the chain offers nothing of value. Maybe the founders sweet-talked money out of VCs' hands, then stopped...
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