DeFi

Bringing the power of DeFi to the secure foundation of Bitcoin

Published

7 months ago

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ROAD TOWN, BRITISH VIRGIN ISLANDS / ACCESSWIRE / June 18, 2024 / The world of decentralized finance (DeFi) is evolving rapidly and the demand for scalable and secure infrastructure built on the solid foundations of Bitcoin has never been greater. StratoVM answers this call, a revolutionary solution that bridges the gap between Ethereum’s thriving DeFi ecosystem and the unprecedented security and decentralization of Bitcoin.

At its core, StratoVM is a layer 2 solution that anchors data hashes on the Bitcoin blockchain, inheriting the security properties of the Bitcoin network. This unique approach ensures that DeFi applications developed on StratoVM benefit from the same level of security and decentralization that Bitcoin is known for.

Main advantages of StratoVM:

  • Ultra-fast Transactions: With a block time of just 2 seconds, StratoVM significantly outperforms Bitcoin’s mainnet, enabling users with seamless and efficient DeFi experiences.

  • Ultra-low fees: StratoVM’s fast transaction processing results in ultra-low fees, making it an ideal platform for decentralized finance applications.

  • Modular and flexible design: StratoVM’s architecture allows for customization and flexibility, integrating cutting-edge components such as:

    1. Benefit from cost-effective and secure data availability

    2. Data validation thanks to anchoring on the immutable Bitcoin blockchain

    3. Optimism’s battle-tested OP stack modified to support Bitcoin

    4. EVM compatibility for seamless migration of Ethereum-based DeFi applications

  • Built on BVM technology: StratoVM leverages the groundbreaking work of the Bitcoin Virtual Machine (BVM) project, using core components of BVM to execute and validate smart contracts on the Bitcoin blockchain. Additionally, StratoVM implements a modified version of the OP stack, inspired by BVM’s proposed architecture for BVM chains, adding support for Bitcoin and BVM.

Last week, StratoVM launched its highly anticipated testnet, inviting developers, users and protocols to join the vanguard of innovators building the future of DeFi on the secure foundation of Bitcoin. We have an initial supporter testnet campaign, providing comprehensive documentation, tutorials and quick start guides to ensure a smooth transition for developers entering the StratoVM ecosystem.

Visit https://stratovm.io/ and be part of the DeFi revolution built on Bitcoin’s secure network.

Contact details:
Company name: StratoVM
Contact person: Jason M.
E-mail address: Info@stratovm.io
City and country: Road Town, British Virgin Islands
Website: https://stratovm.io/

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SOURCE: StratoVM

View original Press release on accesswire.com

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