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How BeL2 Differs

This page explores how BeL2 differs from other Layer 2 solutions and competing technologies in the blockchain ecosystem.

Comparison with Other Layer 2 Solutions​

Lightning Network​

  • Focus: Fast, low-cost Bitcoin transactions.
  • Difference: While Lightning Network excels in quick payments, BeL2 focuses on broader DeFi functionality and cross-chain operations.

Rootstock (RSK)​

  • Focus: Adds smart contract functionality to Bitcoin.
  • Difference: BeL2 offers more extensive cross-chain capabilities and maintains a clearer separation between Bitcoin and smart contract layers.

Drivechain​

  • Focus: Sidechain mechanism for Bitcoin.
  • Difference: BeL2 doesn't require a hard fork of Bitcoin and offers more seamless integration with EVM-compatible chains.

Liquid Network​

  • Focus: Fast Bitcoin transactions for exchanges and institutions.
  • Difference: BeL2 caters to a broader range of DeFi applications beyond just fast transactions.

Rollkit​

  • Focus: Enables EVM applications on Bitcoin.
  • Difference: BeL2 offers a more integrated approach to cross-chain functionality without compromising Bitcoin's security model.

RGB​

  • Focus: Complex smart contracts on Bitcoin and Lightning Network.
  • Difference: BeL2 provides a more user-friendly approach to smart contracts and DeFi applications on Bitcoin.

ZeroSync​

  • Focus: Zero-knowledge proofs for Bitcoin scalability.
  • Difference: While both use ZKPs, BeL2 applies them more broadly for cross-chain operations and privacy.

Stacks (STX)​

  • Focus: Smart contracts leveraging Bitcoin's security.
  • Difference: BeL2 offers more direct integration with EVM-compatible chains and native Bitcoin usage.

Merlin Layer 2​

  • Focus: Improving Bitcoin transaction speeds.
  • Difference: BeL2 goes beyond speed improvements to enable complex DeFi applications.

B² Network​

  • Focus: EVM compatibility for Bitcoin.
  • Difference: BeL2 offers a more comprehensive solution integrating Bitcoin, EVM compatibility, and cross-chain operations.

Dovi_L2​

  • Focus: Scalable, user-friendly Bitcoin layer 2.
  • Difference: BeL2 provides more advanced cross-chain capabilities and DeFi functionalities.

Mercury Layer​

  • Focus: Secure off-chain transactions.
  • Difference: BeL2 offers a broader range of applications beyond just secure transactions.

BEVM (Bitcoin EVM)​

  • Focus: EVM compatibility on Bitcoin.
  • Difference: While similar in EVM compatibility, BeL2 offers more extensive cross-chain features and a unique arbitration network.

BITVM (Bitcoin Virtual Machine)​

  • Focus: Complex computations on Bitcoin without altering the base layer.
  • Difference: BeL2 provides a more integrated approach to smart contract functionality and cross-chain operations.

BeL2's Unique Value Proposition​

  1. BeL2 goes beyond simple Bitcoin interactions, offering seamless integration between Bitcoin and multiple EVM-compatible chains.

  2. The combination of Bitcoin's security, zero-knowledge proofs, and the Arbitrator Network provides a unique and multi-layered security approach.

  3. BeL2 expands Bitcoin's utility without requiring changes to its fundamental protocol, maintaining its integrity while enhancing its capabilities.

  4. By bridging Bitcoin with EVM-compatible chains, BeL2 creates a familiar and versatile environment for developers to build innovative applications.

While many Layer 2 solutions focus on specific aspects like speed, smart contracts, or scalability, BeL2 offers a comprehensive approach that connects Bitcoin with the broader blockchain ecosystem. It positions itself as a solution that preserves Bitcoin's strengths while enabling the full potential of DeFi and cross-chain interactions.