🌐 Get ready for a thrilling lineup of Bitcoin Layer-2 crypto projects making their way to Bullrun 2024-25. These projects are set to revolutionize the blockchain landscape and offer incredible opportunities for investors. 🌐
🧵 Exploring Next-Gen Bitcoin Layer-2 Solutions Projects in this thread ⬇️🧵
1️⃣ Merlin Chain (MERL): Merlin Chain is a Bitcoin Layer-2 solution empowering Bitcoin’s native assets and protocols. Launched in Feb 2024, it’s now the largest Bitcoin Layer-2 with over $3.6 billion TVL and 200+ DApps across DeFi, Gaming, Social, and Infrastructure. $MERL is vital for governance, security, and ecosystem development. #MerlinChain #Bitcoin #Layer2
2️⃣ SatoshiVM (SAVM): SatoshiVM is a decentralized Bitcoin ZK Rollup Layer-2 solution compatible with the EVM ecosystem. It bridges Bitcoin and Ethereum, enabling asset issuance and app development on Bitcoin. Using ZKPs, SatoshiVM ensures fast, cost-effective, and secure transactions. #SatoshiVM #Bitcoin #EVM
3️⃣ MAP Protocol (MAPO): MAP Protocol is an omnichain layer for Web3, connecting EVM and non-EVM chains. It provides developers with omnichain SDKs and leverages Bitcoin’s security for smart contracts and DeFi. MAPO is the native token, enabling seamless interactions with Bitcoin state. #MAPProtocol #Web3 #Omnichain
4️⃣ Stacks (STX): Stacks is a leading Bitcoin Layer-2 solution that enables smart contracts and DApps using Bitcoin as a secure base layer. STX tokens power the ecosystem, allowing the creation of DAOs, DEXs, NFTs, and more. Stacks extends Bitcoin’s capabilities without altering its core. #Stacks #Bitcoin #SmartContracts
5️⃣ Bitcoin Virtual Machine (BitVM): BitVM brings smart contract capabilities to Bitcoin by introducing Turing completeness. Operating as a Layer-2 solution, BitVM relies on fraud proofs and a two-party system for off-chain computation, enabling expressive smart contracts that communicate results back to Bitcoin’s blockchain. #BitVM #Bitcoin #SmartContracts
6️⃣ Dovi (DOVI): Dovi is a community-driven Bitcoin Layer 2 and EVM-compatible smart contract platform. It is designed to enhance scalability, reduce transaction costs, and foster a more secure and decentralized financial ecosystem. The platform aims to provide a robust infrastructure for decentralized applications (dApps) and facilitate efficient, low-cost transactions for users. #Dovi #BTC
7️⃣ Rollux: Rollux is an EVM-equivalent optimistic rollup that combines the best of both worlds: it inherits the security of Bitcoin’s mining network and leverages Syscoin’s Layer 1 finality and data availability. As a Layer-2 solution, Rollux addresses the scalability challenges faced by Ethereum-compatible smart contracts, setting the stage for realizing mass adoption.
8️⃣ BOB: BOB stands for Build on Bitcoin, and it’s a fascinating Layer 2 (L2) protocol that aims to enhance Bitcoin’s capabilities by leveraging the Ethereum Virtual Machine (EVM). BOB acts as a co-processor for Bitcoin, extending its functionality beyond the base layer. It focuses on settlement, custody, and storage while maintaining Bitcoin’s robust security. #BOB #BTC
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