Web3CN

The scale of Bitcoin's Layer 2 will surpass that of Ethereum's Layer 2, which is an inevitable trend.

Although it is still in the early stages, many projects have attempted to build on Bitcoin's first layer. This article summarizes the latest projects in the current Bitcoin ecosystem.

The future Bitcoin ecosystem will accelerate development in areas such as payments, DeFi, and NFTs, covering more tracks and users.

Celestia builds a public chain that separates the data layer, allowing developers to focus on the design above the data layer without having to pay attention to the underlying data recording. Many believe that this modular design of the data availability layer will not only provide a faster solution for scaling in the future but will also greatly reduce the difficulty for developers to enter Web3.

Conflux Network is a Layer 1 public chain project and the only public blockchain in China that complies with regulatory requirements. It provides blockchain technology services for both domestic and international enterprises, and currently, the on-chain ecological projects are thriving.

Vitalik believes that Ethereum has developed through two stages, moving from theory to application, and can solve real-world problems, but the current use cases are still mainly focused on trading cryptocurrencies and NFTs.

Canvas Connect is a privacy-focused second-layer ZK-Rollup designed to facilitate the transfer, trading, and investment of digital assets in the financial sector, providing guarantees of privacy, confidentiality, instant transactions, and low fees.

Loopring aims to become the world's leading user-oriented financial services application, facilitating transactions, investments, payments, and other "banking" services, and becoming the preferred first stop for users to experience the Ethereum financial system.

iZUMi Finance has now launched iZiSwap Pro, which, along with the DL-AMM, combines the features of AMM and limit orders to provide a user-friendly and cost-effective trading experience, achieving a decentralized exchange on-chain, with significant market potential in the future.

The biggest innovation of Aleo is balancing privacy and programmability.