CHOSEN9

Bitcoin (BTC) mining stocks surged double-digits on Wednesday as U.S. presidential candidate Donald Trump pledged to bolster mining operations in the country.

Trump said he wants “all remaining Bitcoin to be made in the USA!!!,” adding that this would help the U.S. become “Energy Dominant” in a June 12 post that came shortly after he held a meeting with some industry executives.

Trump also reportedly told industry executives that he pledged to support the industry if he is elected president in November.

In recent literature exploring the differences between Layer 1 and Layer 2 scaling strategies, I have come to a core point after careful consideration: the fundamental difference between the two is not limited to the technical level, but more reflected in the organizational level (here, the word "organization" is given the deeper meaning of "industrial architecture"). The core issue is not what can be built technically, but deciding what to build, how to define the boundaries of different components of the ecosystem, and how these definitions affect people's motivation and ability to act. It is particularly noteworthy that the ecosystem centered on Layer 2 is more diverse in nature, which naturally promotes diverse approaches to scaling, virtual machine design, and other technical functions.