DeFi
Bringing scalable and secure DeFi to Bitcoin
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The world of decentralized finance (DeFi) is evolving rapidly and the need for scalable and secure infrastructure on Bitcoin has never been more pressing. As the demand for decentralized financial services continues to grow, StratoVM emerged as a compelling solution that addresses the limitations of existing platforms, providing uncompromised security, scalability and performance, as well as compatibility with the Ethereum Virtual Machine (EVM).
In his heart, StratoVM is a Layer 2 solution that bridges the gap between Ethereum’s thriving DeFi ecosystem and Bitcoin’s solid foundations. By anchoring data hashes on the Bitcoin blockchain, StratoVM inherits the security properties of the Bitcoin network, ensuring that DeFi applications built on StratoVM benefit from Bitcoin’s unparalleled security and decentralization.
One of the main advantages of StratoVM is its ability to provide ultra-fast transaction speeds and ultra-low fees. With a block time of just 2 seconds, StratoVM outperforms Bitcoin’s mainnet, enabling seamless DeFi experiences for users.
StratoVM’s modular design allows for customization and flexibility, with core modules that include Avail DA for cost-effective and secure storage of compressed transactions, data validation via anchoring on Bitcoin’s immutable blockchain, OP stack d ‘Optimism modified to support Bitcoin and EVM equivalence, allowing migration of Ethereum dApps to Bitcoin.
StratoVM builds on the revolutionary technology and concepts pioneered by the Bitcoin Virtual Machine (BVM) project. By leveraging BVM’s core components, such as Local Mempool, TxWriter, and TxReader, StratoVM can execute and validate smart contracts on the Bitcoin blockchain, opening up a world of possibilities for DeFi. 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.
This week, StratoVM has opened the doors to its testnet, inviting developers, users and protocols to join the vanguard of innovators building the future of DeFi on the secure foundation of Bitcoin.
Extensive documentation, tutorials and quick start guides will be provided to help developers get started, ensuring a seamless transition to the StratoVM ecosystem.
“We are excited to invite the DeFi community to join us on this journey to bring scalable and secure decentralized finance to Bitcoin,” said Manuel, co-founder of StratoVM. “With StratoVM, we leverage the security power of Bitcoin while providing the performance and flexibility needed to develop DeFi applications.”