Bitcoin has continued to rise, breaking through $100,000, and the Bitcoin ecosystem is also entering a new era.
The SAT20 Satoshi Crossing Protocol provides a powerful and feature-rich Layer 2 solution through Lightning Channel combined with SatoshiNet, which will inject new vitality into DeFi, DEX and more application scenarios for SAT20, BRC20, Runes, Ordinals NFT and other assets on the first layer of Bitcoin on SatoshiNet (Layer 2).
A demo experience is currently available on the testnet (demo.ordx.market). SAT20 provides a simple and elegant Bitcoin native extension solution. The demo has achieved the "satoshi" safe and free traversal between Layer 1 and Layer 2.
After testing, you can join the community and receive OG card points qualification: https://t.me/+6z-xqG_iaaswNTE9
Here are the core advantages and future prospects of SAT20 Layer 2:
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- Core Advantages
1️, Efficient and Low Cost
• The Smart Cross Protocol achieves high-speed transfers (in seconds) through Lightning Network channels + SatoshiNet, with gas fees close to zero (10sat/transaction).
• Capable of handling large-scale micropayments, perfectly adapting to the high-frequency trading application needs of DeFi, DEX, and SWAP.
2️, Supports Bitcoin Layer 1 native assets
• SatoshiNet will support various Bitcoin Layer 1 native assets, including SAT20, BRC20, Runes, and Ordinals NFT.
• With the Smart Cross Protocol, these assets achieve more efficient circulation and application on Layer 2.
3️, Smart Contract Support
• OP_CAT Script Support: SatoshiNet opens script-based smart contract functionality, officially entering the smart contract era for the Bitcoin ecosystem.
• Supports the construction of decentralized protocols, providing infinite possibilities for Layer 2 DeFi and NFT markets.
4️, Decentralized Security
• Based on the security of the Bitcoin main chain, combined with the security mechanisms of the Smart Cross Protocol, mainly guaranteed by three aspects:
1. Lightning channels based on RSMC contracts are a native extension of the main network, sharing the security of the BTC main network, which is the most critical foundation.
2. The Satoshi network based on BTCD source code, secured by BTC technology on a technical level to prevent double spending of assets. 3. Every Satoshi and every asset on the Satoshi network comes from the main network, providing asset-level security and preventing asset inflation/demolition.
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- Future Ecosystem: Infinite Possibilities of Layer 2
🔹 DEX and SWAP Scenarios: Efficient Asset Trading
On SatoshiNet, users can seamlessly complete transactions of SAT20, BRC20, and Ordinals NFT, creating an efficient decentralized exchange DEX.
🔹 DeFi Application Innovation: Driven by Smart Contracts
• Lending and liquidity mining: With smart contract support, DeFi protocols will gain more efficient execution on SatoshiNet.
• Lightning Payment-based DeFi: Supports innovative payment and revenue models based on SAT20.
🔹 NFT and Metaverse: The New Era of Ordinals
• Supports the issuance and trading of Ordinals NFT on Layer 2, making the circulation of artworks and game assets more efficient.
• Meets the demand for real-time asset transfer and complex logic execution in metaverse scenarios.
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- Looking to the Future
SAT20 Smart Cross Protocol supports Bitcoin Layer 1 native assets to traverse to Layer 2 through Lightning Network channels, gaining smart contract functionality, injecting unprecedented scalability into the Bitcoin ecosystem. This is not just a leap in performance, but a revolution in the ecological dimension.
🌟 SatoshiNet, making Bitcoin a more powerful Web3 infrastructure!
💬 What are your expectations for SAT20's application on Layer 2? Feel free to share in the comments!
📈Official Links
- Whitepaper: [docs.sat20.org]
- Website: [sat20.org]
- Trading Platform: [ordx.market]
- Protocol’s Official Twitter: [@SAT20Labs]
- Market’s Official Twitter: [@sat20market]
