0 sats \ 0 replies \ @Coinosphere 18 Feb 2023 \ on: Do you consider Sidechains as a L2 solution? bitcoin
Of course they are; they are monetary functionality that requires level 1 to exist. Not just general functionality, but even monetary functionality. It's so obvious.
I remember before lightning it was common to refer to exchange-custodied coins (which are really just proprietary SQL ledgers) as layer 2 as well. Lightning is a far superior alternative to them but they are a form of our money that relies on layer 1 as well.