Layer2 Network

OKX Ventures announces a strategic investment in Bitlayer, the first Bitcoin Layer2 network based on the BitVM paradigm

ChainCatcher news, OKX Ventures announced the completion of a strategic investment in Bitlayer. Bitlayer will establish the first Bitcoin security-equivalent and Turing-complete Bitcoin Layer 2 based on the BitVM paradigm, aiming to become the computing layer for Bitcoin. At the end of April, Bitlayer launched a $50 million developer incentive program called Ready Player One, attracting over 500 project teams from various sectors including infrastructure, DeFi, inscriptions, SocialFi, and cross-chain bridges.Dora Yue, founder of OKX Ventures, stated: "The native design of Bitcoin ensures a decentralized, trustless, and highly secure peer-to-peer trading system. OKX Ventures has early investments in Bitcoin's infrastructure, such as Rollup, Stacks scaling solutions, and innovations in Bitcoin DeFi. Bitlayer positions itself as the Bitcoin computing layer, characterized by its framework design that uses BitVM for off-chain computation and on-chain verification, combined with DLC (Discreet Log Contract) to achieve a trustless bi-directional cross-chain bridge. Bitlayer inherits the high security advantages of the Bitcoin network and is also compatible with multiple virtual machine environments, including EVM (Ethereum Virtual Machine). The Bitlayer mainnet V1 version was launched in April, supporting bi-directional cross-chain for EVM-compatible environments and mainstream assets. We look forward to enhancing the use cases of the Bitcoin network in Q3 of this year, focusing on product security and innovations in the diversity of digital assets such as NFTs, while ensuring user privacy."

Layer2 network Base releases its 2024 strategy and roadmap, planning to bring Coinbase user assets and products on-chain

ChainCatcher news, Base released the 《2024 Mission, Strategy, Roadmap, and Work Focus》, stating that its 2024 mission is "to establish a decentralized on-chain economic ecosystem with innovative vitality."Currently, Base can be seen as an economy composed of three parts: a developer platform (Base as the underlying infrastructure), an application ecosystem (all applications built on Base), and capital markets (user and asset liquidity).The strategy for the coming year is built around four core pillars: 1. Decentralization and Scalability, enabling anyone to go on-chain, with a commitment to decentralization and scalability as its top priority, aiming to create a secure, decentralized, fast, and affordable L2 for users; 2. Building a Strong Developer Platform, with a long-term North Star of developing a platform that enables over 1 million developers to go on-chain, helping to create world-changing products. 3. Nurturing a Vibrant Application Ecosystem, aiming to attract over 1 billion people to join a thriving application ecosystem, thereby driving the next wave of global creativity and innovation. 4. Cultivating Deep Capital Markets, Powering the On-chain Interconnected Economy: Committed to making Base a key component of the on-chain economy through strong and deep capital markets and seamless interconnections with other Ethereum L2s and L1s.Key work tasks include: 1. Accelerating decentralization, 2. Significantly reducing fees, 3. Setting smart wallets as the default, 4. Making on-chain and off-chain interactions very simple, 5. Bringing existing and new users, assets, and products from Coinbase on-chain, 6. Creating a seamless superchain.
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