Timothy Stebbing, product lead at the Dogecoin Foundation, has revealed his vision for the future of Dogecoin’s Layer 2 (L2) ecosystem. According to Stebbing, this next generation will usher in new opportunities for growth and innovation, bringing the meme coin closer to a fully functional blockchain. Stebbing emphasizes that the L2 realm presents both potential benefits and challenges. He suggests the introduction of L2 chains on the Dogecoin network can foster collaborative open protocols for development, which ultimately allows businesses and users to navigate this landscape with clarity and confidence. Stebbing anticipates increased competition as businesses seek solutions to enhance the Dogecoin ecosystem’s functionality and security. 1 Moreover, L2 chains are expected to bring about new technologies like smart contracts and tokenization of real-world assets, expanding its reach into diverse areas beyond just a meme coin.