UNDERSTANDING BITCOIN SCALING

Summary from the TLDR Crypto newsletter

The Bitcoin scaling debate that began nine years ago has picked up steam again over the past year. While Bitcoin's lack of complex computation support once limited its uses, the success of Ethereum and Solana have pushed some in the Bitcoin ecosystem to look for solutions that enable use cases like DeFi and NFTs on Bitcoin. However, Bitcoin's scaling attempts, such as Layer 2s, have struggled with adoption challenges. There has been a renewed interest in figuring out how to scale Bitcoin following the Taproot upgrade and the success of Ordinals.