According to PANews, StratoVM has launched a highly scalable and secure Layer 2 solution for Bitcoin, specifically designed for DeFi applications. StratoVM leverages the Optimism codebase and implements a modified version of the OP Stack to bring smart contract functionality to Bitcoin.

The project aims to enhance Bitcoin's capabilities by providing a robust platform for decentralized finance. StratoVM's solution is expected to significantly improve transaction speeds and reduce costs, making it a viable option for developers and users in the DeFi space.

Currently, StratoVM is running an incentivized testnet, encouraging participants to engage in various tasks to earn rewards. The testnet activities include a points plan and a series of 'Galaxy Tasks' that involve social media interactions and completing specific missions. Participants can join the points plan by visiting the StratoVM dashboard and entering the provided invitation code. The Galaxy Tasks require users to follow and like posts on social media and complete designated missions on the Galxe platform.

StratoVM's initiative reflects a growing trend in the blockchain industry to enhance the functionality and scalability of existing networks. By integrating smart contract capabilities with Bitcoin, StratoVM aims to bridge the gap between Bitcoin and the rapidly evolving DeFi ecosystem.