QED Protocol, the Bitcoin native execution layer, together with StarkWare, zk.
— Link, Mina Foundation, o1Labs, announced the launch of the L2O Consortium, a group of projects and protocols committed to bringing Bitcoin’s native security, internet scale, and interoperability to applications and Layer 2 solutions.
The L2O Consortium aims to set standards for trustless applications and Layer 2s to be deployed on the Bitcoin blockchain. By leveraging Bitcoin's liquidity and security guarantees, developers will be able to build Layer 2 applications with strong network effects from the wider Bitcoin ecosystem. Bitcoin's dominant user base and liquidity means any application built on L2O will inherit a huge ready-made audience.
The consortium is developing reference implementations, tools, and resources for developers looking to build DApps or deploy Layer 2s on top of Bitcoin and enable trustless interoperability between applications by coordinating standards across solutions, leveraging ordinals and zero-knowledge proofs to bridge the technical gaps that previously hampered smart contract-like functionality on Bitcoin.“The L2O Consortium marks a major milestone in unlocking the full potential of Bitcoin.
Consortium members include QED, StarkWare, zk.Link, Mina Foundation, o1Labs and more to come. The L2O Consortium welcomes additional members looking to advance zero-knowledge technology for Bitcoin in a coordinated, community-driven way.“Bitcoin is the most secure, decentralized, and credible crypto network in existence today. The L2O Consortium gives us an opportunity to build on top of this solid foundation while retaining Bitcoin’s core values of privacy and self-sovereignty.
Cointelegraph does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Cointelegraph is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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