Overgrown L2 Weeds: “Bitcoin Magazine” Establishes Reporting Standards for Bitcoin Layer 2 Protocol

Using Native Assets: L2 must essentially use Bitcoin as its primary currency, including for payment fees. Any token must be backed by Bitcoin.

Settlement Mechanism: L2 users should be able to exit to the base layer of Bitcoin and maintain control over their funds through a reliable settlement process.

Dependency on Bitcoin’s functionality: The feasibility of L2 is closely linked to Bitcoin; if there is no Bitcoin, it can still operate, indicating that it does not meet the true qualifications of L2.