Bitcoin Rollups and Applications

11 mars 2023

Sovereign rollups do not inherit the security of the underlying chain. Therefore, the state of the chain is managed and determined internally by the rollup nodes. This feature has led many observers to declare that this type of rollup is not a true layer 2, but rather a kind of side-chain.

Nevertheless, this development remains extremely interesting and allows us to envision numerous applications. Ordinals, in particular, seem to have opened the way to a new wave of innovations on Bitcoin. It is likely that in the coming years, the few MB of storage freed up by SegWit and Taproot will enable the emergence of a complete ecosystem of applications on top of the Bitcoin network. Will such a transition lead to an abandonment of other layer 1 solutions? Only time will tell.

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