"custodial layer 2" is really a invention of term. lol Does it include CEXs, and Ethereum which issues wBTC custodied by BitGo?
I think this is a pyramid, not a layer. Imagine a manufacturing industry like cars, machinery, etc. Don't you think that ETF is a component made using bitcoin as raw material?
Saylor's layer theory is closer to processing and manufacturing up to the point where the product is delivered to the consumer.
"custodial layer 2" is really a invention of term. lol Does it include CEXs, and Ethereum which issues wBTC custodied by BitGo?
I think this is a pyramid, not a layer. Imagine a manufacturing industry like cars, machinery, etc. Don't you think that ETF is a component made using bitcoin as raw material?
Saylor's layer theory is closer to processing and manufacturing up to the point where the product is delivered to the consumer.
https://m.stacker.news/11886