It's not a layer 2 for hive, it can never be, all you have now is a bridge via one person who is operating a wallet and a bitcoin node and willing to be the market maker.
A layer 2 has to tied to the base chain in a way that there is no native token and eliminate the double-spend problem, something lightning can only do on bitcoin due to the way the node network is set up, as it's constantly checking HTLCs and status of balances, and you have the base chain for final settlement
That's why there is no such thing is layer 2 outside bitcoin, everything else is a remora chain
Also Hive is NOT fee less, you're paying for it through the inflation to the witnesses, it's just obfuscating the fee through the constant dilution of the supply
Posted Using LeoFinance Beta
It’s only the beginning. Not gonna happen overnight but this is definitely the direction. That and the podcasting 2.0 using the Hive chain is going to be long term a game changer.