Summary
TLDR: L2O Consortium, including QED Protocol and other projects, is working to bring Bitcoin’s security and scalability to applications through a unified approach, using zero-knowledge proofs and coordination of standards. Reference implementations are available for developers.
Key Points
1. QED Protocol, StarkWare, zkLink, Mina Protocol, and O(1) Labs have launched the L2O Consortium, focused on bringing Bitcoin’s security, internet scale, and interoperability to applications and Layer 2 solutions.
2. The consortium is developing reference implementations, tools, and resources for developers to build DApps or deploy Layer 2 solutions on top of Bitcoin, enabling trustless interoperability between applications by coordinating standards across solutions.
3. The L2O Consortium aims to bridge the technical gaps that previously limited smart contract-like functionality on Bitcoin, leveraging ordinals and zero-knowledge proofs to enhance the capabilities of decentralized applications.