Bitcoin's transition to a layer-2 (L2) solution is reshaping the cryptocurrency landscape by enhancing transaction speeds, security measures, and introducing smart contracts directly onto its platform.
The introduction of Bitcoin staking, previously unavailable, legitimises crypto staking and establishes a user-driven interest rate system, termed as a "people's interest rate."
This departure from traditional models governed by central banks empowers participants to collectively determine rates independently.
Additionally, the implementation of Bitcoin L2 signifies a shift from reliance on the public internet for data transmission, ensuring more reliable data speeds and packet delivery.