Elastos plans to launch Bitcoin L2 BeL2

Odaily News Elastos plans to launch a new Bitcoin Layer 2 network BeL2. BeL2 will bring more complex possibilities to Bitcoin transactions, including smart contracts and irreversible digital agreements. The developers of Elastos stated that users can define, manage, track and modify smart contracts on Bitcoin without the need for an intermediary. In addition, BeL2 allows users to stake Bitcoin directly on the service, earning rewards when interacting with applications built on top of it. (CoinDesk)