The First-Ever BRC-20 Focused L2 Ecosystem
As BRC-20 tokens and ordinals become more popular, gas fees significantly increased, with a lot of transactions stuck in traffic.
This issue is solved by bitcoin L2.
And, in this DeFi space, partnership is a key ingredient to the success of a project.
In this light, BRC just had a strategic partnership with @Unigraph_io
This partnership will bring about the first, fully EVM compatible decentralized L2 to the Bitcoin community
This means that you can now bridge BRC-20 tokens to the new L2 network in the Bitcoin ecosystem, as BRC20com’s IFO and Launchpad technology will be deployed.
Unigraph is very big on decentralization, security, and seamless data distribution.
Through their node network, the .COM team will be able to deploy a trustless, sharded wallet infrastructure. This has different functions such as:
- allowing a non-custodial bridge to be securely built
- Safekeeping the tokens bridged to L2 on the bitcoin network
- Reducing costs of transactions, thereby making the bitcoin ecosystem more accessible
This will simplify things as users will be able to utilize EVM-based wallets, such as MetaMask, TrustWallet, SafePal, etc
Developers will be able to create and deploy smart contracts on the network
Also, BRC-20’s super app, which is a staking platform, will be integrated with the L2 network, thus ensuring compatibility between bitcoins L1 and L2 network
Other products such as Bitcoin ecosystem DEX will feature the $COM tokens and will be responsible for rewarding all every $COM stakers on the L2 network
A total of 210,000 $GRPH tokens will be available, so you can stake .COM to earn
This is a recent development.
What else do you think the Bitcoin ecosystem needs to foster its growth which, without doubt will be rapid and massive
Comment your thought
