Asia Leads the Charge in Bitcoin Layer-2 Innovation Amid Miner Adaptation and Capital Surge

The rise of Bitcoin layer-2 (L2) solutions is gaining significant traction across Asia. Chinese miners, who account for over 50% of the Bitcoin network’s hashrate, are increasingly turning to these solutions to create alternative revenue streams, especially following the recent Bitcoin halving. The Bitcoin halving, which concluded on April 19, reduced mining rewards from 6.25 BTC to 3.125 BTC, making profitability more challenging for miners. However, Bitcoin L2 technologies offer a lifeline to these network participants. Robbie Liu, head of Asia at Polyhedra Network, told Cointelegraph: “Bitcoin L2s are not just an innovation; they’re a necessity for the evolving crypto