According to ChainCatcher, Rooch Network is the native application layer of the Bitcoin ecosystem. It is based on a stackable two-layer solution and is committed to providing users and developers with a one-stop Bitcoin asset issuance platform and Bitcoin application infrastructure.

Rooch Network has officially launched the V0.5 testnet, which is available for developers to deploy their experimental applications. At the same time, Rooch Network is also officially launched, and Rooch Portal will become a key tool for the community to explore the Bitcoin ecosystem. It is equipped with a full set of Bitcoin native functions, including deploying, minting, trading Bitcoin assets, and transferring them off-chain and using them in applications, or transferring them on-chain and storing them on the Bitcoin network.

Rooch Network has announced a new version of its roadmap, and will soon launch a quasi-mainnet for developers and the community to jointly build the Rooch ecosystem. At the same time, Rooch Network has also launched an early builder program for developers and an essay contest for the community. Developers and users who participate in the event will receive ROOCH token airdrops.