The Bitcoin Layer 2 Conference – East & West 2024 is the world’s first event dedicated to the Bitcoin Layer 2 ecosystem. The conference will bring together over 500 blockchain industry elites and more than 100 top companies worldwide, fostering unparalleled global collaboration and knowledge exchange. The conference will be held on April 8, 2024, in Hong Kong, and will feature BEVM as the title sponsor.
What is Bitcoin Layer 2?
Bitcoin Layer 2 is a term that refers to the solutions that aim to improve the scalability, security, and usability of the Bitcoin network. Bitcoin Layer 2 solutions operate on top of the Bitcoin Layer 1, which is the core protocol that maintains the distributed ledger and the consensus mechanism. Bitcoin Layer 2 solutions leverage the security and decentralization of the Bitcoin Layer 1, while offering faster transactions, lower fees, and more functionality.
Some of the examples of Bitcoin Layer 2 solutions are:
- Lightning Network: A network of payment channels that allows instant and cheap peer-to-peer transactions.
- Sidechains: Independent blockchains that are pegged to the Bitcoin blockchain and allow the transfer of assets between them.
- Statechains: A protocol that enables the transfer of UTXOs (unspent transaction outputs) without broadcasting transactions to the Bitcoin blockchain.
- DLCs (Discreet Log Contracts): A type of smart contract that allows the execution of conditional payments based on external events.
- RGB: A protocol that enables the creation and management of digital assets on the Bitcoin network.
Why is Bitcoin Layer 2 Important?
Bitcoin Layer 2 is important for the future of Bitcoin and the blockchain industry, as it offers several benefits, such as:
- Scalability: Bitcoin Layer 2 solutions can handle a much higher volume of transactions than the Bitcoin Layer 1, which is limited by the block size and the block time. This can increase the adoption and utility of Bitcoin as a global payment system and a store of value.
- Security: Bitcoin Layer 2 solutions inherit the security and immutability of the Bitcoin Layer 1, which is secured by the largest and most distributed network of miners. This can prevent attacks, fraud, and censorship on the Bitcoin Layer 2 transactions and assets.
- Usability: Bitcoin Layer 2 solutions can provide more features and functionality than the Bitcoin Layer 1, such as smart contracts, digital assets, privacy, and interoperability. This can enhance the user experience and the innovation potential of the Bitcoin ecosystem.
What to Expect from the Bitcoin Layer 2 Conference?
The Bitcoin Layer 2 Conference – East & West 2024 is the first global event focused on the Bitcoin Layer 2 ecosystem, marking a significant chapter in the 2024 Web3 narrative. The conference aims to unite blockchain experts and industry leaders from around the globe, bridging Eastern and Western perspectives.
Some of the highlights of the conference are:
- Global First: The conference is the first of its kind to showcase the latest developments and trends in the Bitcoin Layer 2 ecosystem, featuring prominent speakers, panel discussions, and workshops.
- East-West Integration: The conference specially invites industry leaders from both Eastern and Western Bitcoin ecosystems, offering a unique platform for insightful exchanges and shared experiences.
- Resource Access and Networking: Attendees will access numerous resources and enjoy networking opportunities, including an after-party.
- Launch of the Bitcoin Layer 2 Technical Specification Library: At the conference, BTC Security Labs will introduce the Bitcoin Layer 2 Technical Specification Library, a collaborative project designed to enhance the security of the Bitcoin ecosystem. Key contributors like B² Network, BEVM, Merlin Chain, BounceBit, DLC.link, and Bison are instrumental in establishing this vital resource.
The conference is organized by BTC Security Lab and features BEVM as the title sponsor. The conference is hosted by leading entities including ScaleBit and Web3CN, along with HashKey Capital, BiHelix, Techub News, and HKSTP as co-hosts.
Some of the notable confirmed participants include Bitmain, BitcoinFrontierFund, EOS Network Foundation, RGB, Bison, BEVM, Bihelix, Merlin Chain, B² Network, Bool Network, Merlin Protocol, BounceBit, DLC.link, AINN, AINN L2, PATH Protocol, Bitlayer, Web3labs, Rooch Network, Map Protocol, Hashkey Capital, Waterdrip Capital, iPOLLO, Comma3 Ventures, Paramita.VC, and more.
The conference will be held at the Charles K.Kao Auditorium at the Hong Kong Science Park.
BTC Security Lab invites blockchain enthusiasts, experts, and anyone interested in the future of Bitcoin Layer 2 to join this historic event.
