KIP-31 proposes anchoring high-throughput subnets to Bitcoin via drivechains and using ordinal inscriptions to manage subnet permissions. This sidesteps the need for consensus-layer changes while introducing a novel governance mechanism.
Could this kind of ordinal-based permissioning offer a scalable way to extend Bitcoin’s utility—without compromising its base-layer conservatism?
Would appreciate any thoughts or critique from others working in L2s, rollups, or Bitcoin-native DeFi.
AppropriateTest•2h ago
Could this kind of ordinal-based permissioning offer a scalable way to extend Bitcoin’s utility—without compromising its base-layer conservatism?
Would appreciate any thoughts or critique from others working in L2s, rollups, or Bitcoin-native DeFi.
A summary of the proposal: https://medium.com/@bobnymous/unlocking-bitcoins-potential-h...