第 2 層區塊鏈協議 PROM/USD 和 MNT/USD 可能成為下一個比特幣 (BTC)

少數領先的所謂「Layer 2」（或 L2）區塊鏈協議距離比特幣 (BTC) 12 個月的市場繁榮並不遙遠。

A handful of leading so-called “Layer 2” (or L2) blockchain protocols are not that far away from Bitcoin’s (BTC) 12-month romp of the market.

少數領先的所謂「Layer 2」（或 L2）區塊鏈協議距離比特幣 (BTC) 12 個月的市場繁榮並不遙遠。

The question is whether those that have tracked Bitcoin’s 144% gains over the last year can continue tracking the granddaddy of all cryptocurrencies, or if investors are going to give the laggards their turn next.

問題在於，那些追蹤比特幣去年漲幅 144% 的投資者能否繼續追蹤所有加密貨幣的鼻祖，或者投資者接下來會輪到落後者。

Two of the top performers over the last year are Prometeus (PROM) – up 146.52% since last May 28 mid-morning trading – and Mantle (MNT), which is up 112.91%. By comparison, traditional stock investors that just bought the Invesco QQQ Trust (QQQ) are up 31.67%.

去年表現最好的兩個股票是 Prometeus (PROM)（自去年 5 月 28 日上午交易以來上漲 146.52%）和 Mantle (MNT)（上漲 112.91%）。相較之下，剛買進景順QQQ信託(QQQ)的傳統股票投資者上漲了31.67%。

Digital asset fund managers have watched the Layer 2 theme for at least the last two years. The idea became more commonplace around 2022-23 for Ethereum (ETH) users, thanks to L2 developer OP Labs. At the time, Vatalik Buterin was being hounded by blockchain application developers for its speed, or lack thereof, and its cost. A second layer, if you will, developed by alternative blockchains and even Ethereum itself, would help speed things up.

數位資產基金經理人至少在過去兩年裡一直在關注 Layer 2 主題。感謝 L2 開發商 OP Labs，這個想法在 2022-23 年左右對於以太坊 (ETH) 用戶來說變得更加普遍。當時，Vatalik Buterin 因其速度（或缺乏速度）以及成本而受到區塊鏈應用程式開發人員的追捧。如果你願意的話，由替代區塊鏈甚至以太坊本身開發的第二層將有助於加快速度。

This opened up the alternative blockchain space, led by giants like Arbitrum (ARB), a three billion market cap company now, according to CoinMarketCap. ARB is down year-to-date after a total reversal of fortunes versus BTC this past winter. It's headed south since March, but if the cryptocurrency bull market has any legs, ARB could close that gap.

這開闢了另類區塊鏈空間，由 Arbitrum (ARB) 等巨頭主導，據 CoinMarketCap 稱，該公司目前市值達 30 億美元。去年冬天，ARB 與 BTC 的命運發生了徹底逆轉，今年以來，ARB 一直在下跌。自 3 月以來，它一直在下跌，但如果加密貨幣牛市有任何支撐，ARB 可能會縮小這一差距。

The L2 Investment Case

L2 投資案例

The Layer 2 companies all build from three different solutions. The solution options are designed to tackle Layer 1 blockchain problems such as speed, cost, and scalability on the blockchain while being able to maintain an open, decentralized, and secure network. This, of course, is easier said than done.

Layer 2 公司均採用三種不同的解決方案建構。此解決方案選項旨在解決第 1 層區塊鏈問題，例如區塊鏈上的速度、成本和可擴展性，同時能夠維護開放、去中心化和安全的網路。當然，這說來容易做來難。

One way to describe the speed differential between new technologies (blockchains) and old payment systems like Visa, is that Ethereum can process around 7-15 transactions a second. Visa can do around 100,000. Layer 2 technologies are supposed to eventually bring these blockchains up to speed, giving them commercial application. That’s been the future play all along for investors, be it venture capitalists funding PROM, or retailers with a crypto trading account.

描述新技術（區塊鏈）和 Visa 等舊支付系統之間速度差異的一種方法是，以太坊每秒可以處理約 7-15 筆交易。 Visa可以做10萬左右。 Layer 2 技術最終應該使這些區塊鏈加速發展，從而賦予它們商業應用。對於投資者來說，無論是為 PROM 提供資金的風險投資家，還是擁有加密貨幣交易帳戶的零售商，這一直是投資者的未來策略。

Of those three L2 solutions – ZK-rollups, Optimism rollups, and channels – ZK-rollups is focused on speed and is the one garnering the most investor attention. Each solution tends to tackle a different problem, and no one has developed a system yet that solves all the concerns of the blockchain community – be it decentralization versus centralization, or scalability and speed.

在這三種 L2 解決方案（ZK-rollups、Optimism rollups 和 Channels）中，ZK-rollups 專注於速度，是最受投資者關注的一種。每個解決方案都傾向於解決不同的問題，而且還沒有人開發出一個系統可以解決區塊鏈社群的所有問題——無論是去中心化與中心化，還是可擴展性和速度。

In a sense, these techies, all of whom speak a language that sounds like something out of Battlestar Galactica, and who seem to be maybe 20 years ahead of their time, are trying to create a different internet. Today, the transactions on this new internet, aka Web3, are done in cryptocurrencies lay investors have been piling into for years.

從某種意義上說，這些技術人員都在嘗試創建一個不同的互聯網，他們所使用的語言聽起來都像是太空堡壘卡拉狄加中的語言，而且似乎比他們的時代領先 20 年。如今，這個新網路（又稱 Web3）上的交易是透過加密貨幣完成的，外行人投資者多年來一直在湧入。

“The number of users acquainted with blockchain's benefits grows each year,” said Iva Wisher, co-founder and COO of PROM. “These L2 solutions are the key to unlocking the full potential of the blockchain ecosystem. They address the existing limits that L1 networks face. By enhancing accessibility, efficiency, and convenience, these solutions pave the way for further adoption and growth.”

PROM 聯合創始人兼首席營運長 Iva Wisher 表示：“了解區塊鏈優勢的用戶數量每年都在增長。” 「這些 L2 解決方案是釋放區塊鏈生態系統全部潛力的關鍵。它們解決了 L1 網路面臨的現有限制。透過提高可訪問性、效率和便利性，這些解決方案為進一步採用和增長鋪平了道路。

PROM allows developers to be able to connect both to Ethereum network-compatible blockchains and non-Ethereum ones, such as Bitcoin or Solana (SOL). This attracts the decentralization aspect of the blockchain developer crowd and mitigates the risk of network downtime. Investors seem to like it this year. Although PROM is down around $50 per coin from its all-time high of $65.86 reached on April 30, 2021, PROM's first trading day back in 2019 had an initial price of $0.33 and is currently priced a little over $10.

PROM 允許開發人員能夠連接到以太坊網路相容的區塊鏈和非以太坊區塊鏈，例如比特幣或 Solana (SOL)。這吸引了區塊鏈開發者群體的去中心化方面，並降低了網路停機的風險。投資者似乎喜歡今年。儘管 PROM 較 2021 年 4 月 30 日達到的歷史高點 65.86 美元下跌了約 50 美元，但 PROM 在 2019 年的第一個交易日的初始價格為 0.33 美元，目前價格略高於 10 美元。

“Ethereum, with its average 12-second block speed, stands out as one of the slowest and most costly around,” said Yves La Rose, Co-Founder and CEO of EOS Network Foundation (EOS). “It’s the layer 2 solutions that allow for substantial enhancements in speed and cost-efficiency, because making those improvements directly on the Ethereum main chain would be a highly contentious issue.”

EOS 網路基金會 (EOS) 聯合創始人兼首席執行官 Yves La Rose 表示：“以太坊平均出塊速度為 12 秒，是最慢且成本最高的以太坊之一。” “第 2 層解決方案可以大幅提高速度和成本效率，因為直接在以太坊主鏈上進行這些改進將是一個極具爭議的問題。”

L2 investors tend to buy the coins of the alternative blockchains, even though Ethereum is still the biggest.

L2 投資者傾向於購買替代區塊鏈的代幣，儘管以太坊仍然是最大的。

ETH’s first-quarter trading volume dipped under 40%. Analysts have attributed ETH’s volume drop during the BTC bull rally to investors following developers to alternative blockchains.

ETH 第一季交易量下降了 40% 以下。分析師將 BTC 牛市期間 ETH 交易量下降歸因於投資者追隨開發人員轉向替代區塊鏈。