According to a release that was sent to Bitcoin Magazine, the company Blockstream, which focuses on scaling bitcoin, is in the process of launching a platform that will connect developers, entrepreneurs, and Bitcoiners from all over the world in order to build on Core Lightning and the Liquid Network.
Build On L2 (BOL2) encourages developers to challenge narratives in the larger cryptocurrency space that suggest blockchain projects need to have utility tokens. These narratives suggest that utility tokens are required for blockchain projects. While expanding both Core Lightning and the Liquid Network, the developers' primary focus will be on implementing solutions that will advance the Lightning Network.
According to Lisa Neigut, a Core Lightning engineer, "the success of Lightning ultimately depends on the contributions of its community members." "The initiative known as Build On L2 brings together developers, startups, and other contributors into the same conversation so that they can share their visions and scale Bitcoin as a larger community,"
Through the utilization of a sidechain, the layer-2 scaling solution known as the Liquid Network enables the trading of multiple assets other than bitcoin, including U.S. dollars and stablecoins. This is possible. Core Lightning is a modular Lightning implementation that enables instant, low-cost, global bitcoin micropayments. Core Lightning was developed by Lightning Labs.
"Thanks to Liquid, we are able to construct a financial system that is native to Bitcoin. According to Scott Millar, the founder of SideSwap, "It contains the tools for maintaining a decentralized asset registry for securities issuance, where Bitcoin is the native settlement currency." [Citation needed] " "We hope that this vision will resonate with the larger Bitcoin community, and we welcome anyone who is looking to get started on Liquid through the community that is located on Build On L2."
Additionally, communities within BOL2 will host events such as hackathons, virtual networking events, project bounties, international builder tournaments, career development programs, mentoring, and Ask Me Anything (AMA) sessions with developers.
A number of notable Bitcoiners, including Blockstream CEO Dr. Adam Back, well-known CLN node operator Zero Fee Routing, Breez CEO Roy Sheinfeld, and others, have already signed the manifesto that BOL2 is launching with.