In the context of the continuous development of decentralized finance (DeFi) and Bitcoin finance (BTCFi), the Nervos CKB public chain, with its unique PoW + UTXO design, provides strong cross-chain interoperability and scalability support for the Bitcoin ecosystem. Especially with JoyID supporting the Lightning Network testnet, this Passkey wallet brings a brand new decentralized payment experience, further strengthening the position of $CKB in the Bitcoin ecosystem.
Nervos CKB: Empowering Bitcoin expansion with the PoW + UTXO model.
Nervos CKB adopts the design of PoW (Proof of Work) and UTXO (Unspent Transaction Output) model, which is fully isomorphic to Bitcoin. This design ensures the high security and transparency of Nervos CKB, enabling it to seamlessly connect with Bitcoin and achieve cross-chain interoperability. On this basis, CKB maps Bitcoin UTXO to $CKB's Cells through the RGB++ protocol, granting Bitcoin assets smart contract capabilities and allowing for the realization of more BTCFi applications.
The application of the RGB++ protocol not only expands the programmability of Bitcoin but also provides a bridge-less cross-chain implementation method, enhancing the flexibility of the BTCFi ecosystem. The Fiber Network will soon launch the mainnet, raising multi-asset circulation and cross-chain efficiency to new heights. Through these innovations, Nervos CKB is achieving decentralized expansion of the Bitcoin ecosystem, ensuring the smoothness and security of BTCFi applications.
JoyID + Lightning Network: Seamless and efficient decentralized payment experience for Bitcoin.
In the field of decentralized payments, JoyID is undoubtedly a highlight worth paying attention to. As the first Passkey decentralized wallet supporting the Lightning Network, JoyID brings users a minimalist keyless experience—users only need a set of Passkeys to complete payments and manage assets. For frequent small payments and cross-border remittances, JoyID's keyless design lowers the user threshold, allowing more people to easily participate in the BTCFi ecosystem.
The support of the Lightning Network brings higher transaction speeds and lower fees to JoyID, making it particularly suitable for scenarios requiring fast and convenient payments. With the assistance of the Lightning Network, JoyID users can experience instant payments in Bitcoin, enjoying a more flexible and convenient transaction method.
The potential of JoyID in the BTCFi ecosystem.
JoyID supports the Lightning Network testnet, providing more application scenarios for decentralized payments. Its seamless payment experience is especially suitable for small payments and cross-border remittances, benefiting not only individual users but also providing merchants with a more convenient payment method. In the future, JoyID may further expand its functionality in the BTCFi ecosystem, injecting more innovative momentum into the popularization of decentralized finance.
With the development of Fiber Network, JoyID's potential in multi-asset circulation will also be fully realized. JoyID users will not only enjoy the convenience of decentralized payments but will also be able to achieve seamless transfer of more cross-chain assets through Nervos CKB in the future.
Conclusion: Nervos CKB and JoyID bring new possibilities to BTCFi.
Nervos CKB is continuously promoting the decentralized expansion of the Bitcoin ecosystem through the PoW + UTXO model, RGB++ protocol, and the upcoming launch of Fiber Network. JoyID, as a Passkey wallet supporting the Lightning Network, not only enhances the user's payment experience but will also further drive the widespread adoption of BTCFi applications.
In the future, let us look forward to more innovations brought by Nervos CKB and JoyID to the BTCFi ecosystem, experiencing a more secure, efficient, and open decentralized financial world of Bitcoin.
