News and analysis on encrypted currencies, Blockchain and decentralized financing

A few days ago, Layerzero, a well -known protocol for the cross operation between the crossed chain, announced the inclusion of Rootstock, a 2 layer built on Bitcoin.

This partnership opens the doors to a new DEFI era on Bitcoin, allowing users to access DAPS and Stablecoins and decentralized financial services on more than 100 Blockain. Moreover, thanks to this new channel, there will be an opportunity to enhance liquidity on the root and expand the possibilities of using bitcoin.

Let’s see everything in detail below.

Layerzero merges Bitcoin Rootstock Layer-2

Complete the Layerzero series protocol just the ROOTSTOCK, which is the Layer-2 Sidechain depends on bitcoin. This strategic step aims to provide an outlet for Betical operational capacity For the second layer chain, also contributing to the expansion of the Layerzero ecological system. that it A basic step towards adopting the prevailing bitcoin currency In the world of decentralized applications.

Cooperation between the two parties solves one of the problems that have been afflicted by the Blockchains world for a long time: Liquidity fragmentation. Bitcoin is already isolated from other networks because they do not support the original smart contracts and depend entirely on the distinctive symbol versions wrapped. Thanks to Layerzero, these barriers are removed, and the doors are opened to New DEFI Etisalat for Bitcoin. It is believed that ROOTSTOCK is now, with the new inter -operating feature, will have the opportunity to benefit Up to $ 1.5 trillion of liquidity.

Closely, we see how integration allows root developers to create connected applications with More than 100 different chains. Rootstock Compatibility with the ETHEREUM virtual device (EVMIn addition to a strong set of developers and correspondence capabilities offered by Layerzero, it creates a strong environmental system for DAPP That depends on bitcoin security.

There is already talk BTCFIIt is the trend that combines bitcoin hardness, elasticity and innovation of decentralized financing (Defi), which creates the foundations for new financial services denominated and management in BTC. Regarding the news spread in the encryption markets, Brian Pellegrino, CEO of Layerzero, commented as follows:

“It is clear that Bitcoin is the basis of the entire space and sets the standard for digital financing. Rootstock connecting to more than 100 chains via Layerzero is great: I like to see the entire cryptocurrency sector meets.”

Bitcoin use in the Defi world grows

The combination of the root into Layerzero also sees insertion into the first DAPPC-2 Bitcoin-2 layer that supports the above mentioned above Cross -chain Transportation technique. In particular, we notice how Stargit fell on the rootFacilitate the transfer of assets to and to countless different chains. Keep in mind that Stargate is one of the most well -known and estimated inter -operating applications in the Defi world, which includes TVL $ 1.39 billion.

This solution means that users will be able to do so Connect ETH and Stablecoins such as USDC and USDT with some original root assetsLike RBTC and RIF. This feature can be applied to more a baseEthereum, and definition, taking advantage of uniform liquidity pools in Stargate at the same time. Transport operations occur within a few minutes and have a cost of $ 1.10 to $ 2.69, depending on the completion speed of the request.

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Thanks to the connection of the Layerzero protocol, Bitcoin is effectively entering the heart of Defi, allowing the original to interact with a wide range of decentralized applications on different chains. This symbolism eliminates the technical barriers that limit bitcoin traditionally, allowing the use of BTC in Things such as lending, NFTS, and returning agricultureAnd therefore increase effectivenessIwarning The liquidity of the entire ecosystem. Developers can now create solutions across the series that benefit from Bitcoin safety, while opening the new earning and inter -employed chances of users.

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Bitcoin 2 ecosystem development

Rootstock (RSK) is Bitcoin Sidechain designed to enable smart contracts without prejudice protection From the main bitcoin network. Unlike the solutions of the other second layer, Rootstock is closely related to Bitcoin Blockchain, Using consensus on the basis Proof of work (POW) benefits more than 60 % of the Bitcoin retail force, ensuring high security. This feature is distinguished from many other Layer-2 solutions, which use independent consensus mechanisms and may not benefit from the same durability and stability as Bitcoin.

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Another privacy of ROOTSTOCK is its compatibility with the ETHEREUM (EVM), which allows developers with DAPS programming in hardness. This facilitates the combination of the root into the current Defi ecosystem, allowing the deportation of current projects from Ethereum to Bitcoin without the need to start from scratch. In addition, Supports ROOTSTOCKBitcoin backed symbolsLike RBTC,, Which represent Bitcoin directly on Sidechain, allowing transactions and smart nodes applications without the need to use versions wrapped in the distinctive symbol. The RBTC also represents “”Graphic“From the series.

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The root displays a The number of bitcoin deposited in the network is 3.102 BTCFor a reward value of about 300 million dollars. According to the “Bitcoin Layers” information panel, there are currently 37 layers of Blockchain that use BTC and symbolic, wrapped, divided between original, side chains, and L1. Among Sidechains, Rootstock ranks sixth, behind solutions like liquid, bitlayerBsquned network, core, and Merlin.