Why Ordinals and BRC20 Tokens are Driving Bitcoin Layer 2 Development

<p>Bitcoin has been experiencing much higher-than-normal fees of late, driven by Ordinal inscriptions and BRC-20 token memecoin mania. On this Long Reads Sunday, NLW reads two essays that explore how they're driving layer 2 development.</p> <p><a href= "https://www.coindesk.com/tech/2023/05/12/frogs-fevers-and-fees-bitcoins-new-governance-challenge/"> Frogs, Fevers and Fees: Bitcoin’s New Governance Challenge</a> - Michael Casey</p> <p><a href= "https://www.coindesk.com/consensus-magazine/2023/05/12/as-bitcoin-scales-we-need-better-custodial-solutions/"> As Bitcoin Scales, We Need Better Custodial Solutions</a> - George Kaloudis </p> <p dir="ltr">Enjoying this content?</p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">SUBSCRIBE to the Podcast: https://pod.link/1438693620</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Subscribeto the newsletter: https://breakdown.beehiiv.com/</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Join the discussion: https://discord.gg/VrKRrfKCz8</p> </li> </ul> <p dir="ltr">Follow on Twitter:</p> <ul> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">NLW: https://twitter.com/nlw</p> </li> <li dir="ltr" aria-level="1"> <p dir="ltr" role="presentation">Breakdown: https://twitter.com/BreakdownNLW</p> </li> </ul>