EOS Foundation CEO: Layer 2 Solutions May Aid Bitcoin Network After Halving

EOS Foundation CEO: Layer 2 Solutions May Aid Bitcoin Network After Halving

**EOS Foundation CEO: Layer 2 solutions may be the way forward for Bitcoin post-halving.** Yves La Rose, CEO of the EOS Network Foundation (ENF), believes that the post-Bitcoin halving environment could lead to greater efficiency and transaction throughput on the Bitcoin network. In a recent interview, La Rose said that "the post-Bitcoin halving environment – where transaction fees become the primary revenue generator for miners – has spurred efforts to develop solutions for greater network efficiency and transaction throughput." He added that "such solutions can be realized through the implementation of advanced Layer 2 scaling solutions on the Bitcoin network, such as Ordinals and BRC-20 tokens. These solutions, if implemented properly, have the potential to increase network scalability, boost Layer 2 adoption, and diversify miner revenue". However, La Rose also stressed that "while the Bitcoin halving can be positive for miners in the long term, it also has the short-term effect of curtailing mining operations." Previously on 16 May 2024, "Yves La Rose, CEO of the EOS Network Foundation (ENF), stated that "the post-Bitcoin halving environment – where transaction fees become the primary revenue generator for miners – has spurred efforts to develop solutions for greater network efficiency and transaction throughput". He added that "such solutions can be realized through the implementation of advanced Layer 2 scaling solutions on the Bitcoin network, such as Ordinals and BRC-20 tokens. These solutions, if implemented properly, have the potential to increase network scalability, boost Layer 2 adoption, and diversify miner revenue". However, he stressed that "while the Bitcoin halving can be positive for miners in the long term, it also has the short-term effect of curtailing mining operations."