B2 Network Brings DeFi to Bitcoin via Bitget Wallet


Bitget
Wallet, Asia’s largest non-custodial Web3 wallet, has announced a new
partnership with Bitcoin Layer 2 company B2 Network. The collaboration will
give Bitget Wallet’s over 15 million global users access to B2 Network’s cross-chain
transactions directly through Bitget’s mobile and browser-based applications.

By
integrating smart contracts into the Bitcoin network, B2 Network serves as a
platform for pioneering DeFi, NFT, derivatives, and other applications while
leveraging Bitcoin’s massive $1.1 trillion market capitalization. As an
EVM-compatible Bitcoin Layer 2 solution built on zero-knowledge proofs, B2
Network enhances transaction speeds and expands application possibilities
without compromising security.

Specifically,
the partnership enables Bitget users to seamlessly conduct cross-chain
transactions of BTC assets via B2 Network at faster speeds and lower costs than
transacting directly on the Bitcoin blockchain. Users can also participate in
B2 Network’s airdrop programs through their Bitget Wallet connection.

“We
keep engaging in Bitcoin ecosystem development, support and collaborate with
Bitcoin protocols and Layer 2 networks, providing users with new assets and
opportunities,” Alvin Kan, the COO of Bitget Wallet, commented on the
partnership.

Bitget’s Recent Updates

The
collaboration represents Bitget’s ongoing efforts to systematically expand
support for the wider Bitcoin ecosystem within its wallet platform. Recently,
Bitget integrated over 20 other Bitcoin projects, added support for BRC20 and
ARC20 transaction formats, upgraded its Launchpad to enable BRC20 token
offerings, and connected to the Bitcoin Lightning Network .

With robust
connectivity across hundreds of decentralized exchanges and cross-chain
bridges, Bitget Wallet provides access to swaps, market data, and other
features across more than 100 different blockchains.

In early February,
the company appointed a new Chief Operating Officer, Alvin Kan, to boost
global expansion plans.

Last month, Bitget enhanced its platform’s wallet security by implementing Multi-Party Computation technology. This advancement utilizes distributed computing, homomorphic encryption, and Trusted Execution Environments to bolster wallet protection. Furthermore, the Web3 cryptocurrency wallet introduced a new “Smart Money” functionality, leveraging artificial intelligence to monitor activity from 6,000 “crypto whales” across Ethereum and Bitcoin networks. This feature aims to unearth potential trading opportunities.

In addition, Bitget has outlined a comprehensive approach focusing on enhancing product development, research, and investment efforts. This strategy aims to provide its users with sophisticated trading options and an improved asset management experience in the Bitcoin domain.

Bitget
Wallet, Asia’s largest non-custodial Web3 wallet, has announced a new
partnership with Bitcoin Layer 2 company B2 Network. The collaboration will
give Bitget Wallet’s over 15 million global users access to B2 Network’s cross-chain
transactions directly through Bitget’s mobile and browser-based applications.

By
integrating smart contracts into the Bitcoin network, B2 Network serves as a
platform for pioneering DeFi, NFT, derivatives, and other applications while
leveraging Bitcoin’s massive $1.1 trillion market capitalization. As an
EVM-compatible Bitcoin Layer 2 solution built on zero-knowledge proofs, B2
Network enhances transaction speeds and expands application possibilities
without compromising security.

Specifically,
the partnership enables Bitget users to seamlessly conduct cross-chain
transactions of BTC assets via B2 Network at faster speeds and lower costs than
transacting directly on the Bitcoin blockchain. Users can also participate in
B2 Network’s airdrop programs through their Bitget Wallet connection.

“We
keep engaging in Bitcoin ecosystem development, support and collaborate with
Bitcoin protocols and Layer 2 networks, providing users with new assets and
opportunities,” Alvin Kan, the COO of Bitget Wallet, commented on the
partnership.

Bitget’s Recent Updates

The
collaboration represents Bitget’s ongoing efforts to systematically expand
support for the wider Bitcoin ecosystem within its wallet platform. Recently,
Bitget integrated over 20 other Bitcoin projects, added support for BRC20 and
ARC20 transaction formats, upgraded its Launchpad to enable BRC20 token
offerings, and connected to the Bitcoin Lightning Network .

With robust
connectivity across hundreds of decentralized exchanges and cross-chain
bridges, Bitget Wallet provides access to swaps, market data, and other
features across more than 100 different blockchains.

In early February,
the company appointed a new Chief Operating Officer, Alvin Kan, to boost
global expansion plans.

Last month, Bitget enhanced its platform’s wallet security by implementing Multi-Party Computation technology. This advancement utilizes distributed computing, homomorphic encryption, and Trusted Execution Environments to bolster wallet protection. Furthermore, the Web3 cryptocurrency wallet introduced a new “Smart Money” functionality, leveraging artificial intelligence to monitor activity from 6,000 “crypto whales” across Ethereum and Bitcoin networks. This feature aims to unearth potential trading opportunities.

In addition, Bitget has outlined a comprehensive approach focusing on enhancing product development, research, and investment efforts. This strategy aims to provide its users with sophisticated trading options and an improved asset management experience in the Bitcoin domain.





Source link

Leave a Reply

Your email address will not be published.


Please enter CoinGecko Free Api Key to get this plugin works.