Through the Citrea testnet, Bitcoin begins to move towards its original goal: achieving a self-sovereign financial system.
Author: Citrea
Compiled by: TechFlow
Today, Citrea announced the launch of the Citrea testnet on Bitcoin Testnet 4. This marks an important step forward for Bitcoin as a settlement layer, laying the foundation for a decentralized, self-sovereign financial ecosystem on a global scale. Bitcoin has taken another step towards the next phase of its role as a cornerstone of global finance.
The Citrea testnet opens a new era for developers and users of Bitcoin, where the power of Bitcoin can be used without sacrificing sovereignty. The Citrea testnet is the only Rollup solution currently available, allowing EVM developers to create decentralized applications that inherit the security of Bitcoin while using BTC in a trust-minimized way.
What does the Citrea testnet include?
The Citrea testnet contains an almost complete version of Clementine, Citrea's BitVM-based trust-minimized bridge design, and tests key bridge infrastructure such as detecting malicious operators, coordinating pre-signatures, and operator-based withdrawals. The last work is to implement fraud proofs using BitVM, which is currently in progress, and the team is also continuing to contribute to the open source BitVM repository.
Building an economy on Bitcoin
With the Citrea testnet, Bitcoin can finally move towards its original goal: enabling self-sovereign finance. The Citrea testnet provides developers with an innovative platform to build powerful applications that bring financial inclusion and freedom to new and old Bitcoin users. By leveraging Bitcoin for settlement and data storage, Citrea increases the utility of BTC and activates Bitcoin's block space for a new financial ecosystem.
Citrea key features:
Fully EVM compatible: Citrea’s execution environment supports all EVM tools and languages, allowing developers to easily deploy smart contracts on a Bitcoin-secured platform.
Bitcoin Settlements: With the full implementation of Citrea’s trust-minimized BitVM bridge, Clementine, developers will be able to leverage trust-minimized BTC in their applications.
Access to Bitcoin Blockspace: Citrea opens up the ultra-secure blockspace to developers, enabling them to build applications and create an economy secured by Bitcoin.
Developers who want to develop on Citrea can contact the team directly through Citrea’s developer form.
Citrea plans to launch its mainnet in the first quarter of 2025.
About Citrea
Citrea is the first new financial ecosystem that increases the utility of BTC and activates the Bitcoin block space through Rollup technology. Citrea's vision is to build a scalable infrastructure that pushes Bitcoin to the next stage and becomes the cornerstone of global finance. To achieve this goal, Citrea needs to expand the Bitcoin block space to increase its transaction capacity and expression capabilities while keeping its consensus rules unchanged.
If you are interested in developing on Citrea, please fill out the Citrea developer form: https://citrea.typeform.com/incubation
For more information, visit: https://citrea.xyz/
