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Ethereum’s L1 and L2 Success: Bitcoin and Solana Race to Catch Up

  • Bitcoin and Solana are now emulating Ethereum’s L1 and L2 model for improved scalability and decentralization.
  • Bitcoin aims to address its security budget crisis through L2 solutions, following Ethereum’s success.
  • Solana introduces its first L2 solution but faces decentralization challenges, lagging behind Ethereum.
  • The trend of Bitcoin and Solana adopting Ethereum’s model indicates the growing impact of Ethereum in the blockchain world.

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