DeFi
StratoVM: bringing scalability and security to Bitcoin-based DeFi
As the decentralized finance (DeFi) industry continues to gain momentum, the need for a scalable and secure infrastructure built on the foundations of Bitcoin becomes increasingly pressing. StratoVM emerges as a revolutionary solution, bridging the gap between the thriving DeFi ecosystem of Ethereum and the unprecedented security and decentralization of Bitcoin.
At the heart of StratoVM is a layer 2 solution that anchors data hashes on the Bitcoin blockchain, inheriting the security properties of the Bitcoin network. This innovative approach ensures that DeFi applications developed on StratoVM benefit from the same level of security and decentralization that has made Bitcoin a trusted and reliable blockchain.
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 significantly outperforms Bitcoin’s mainnet, enabling users with seamless and efficient DeFi experiences.
StratoVM’s modular design allows for flexibility and customization, incorporating industry-leading components such as Celestia for cost-effective and secure compressed transaction storage, data validation via anchoring on Bitcoin’s immutable blockchain, and the battle-tested OP stack of ‘Optimism modified to support Bitcoin. Additionally, StratoVM is designed to be EVM compatible, allowing developers to seamlessly migrate their Ethereum-based DeFi applications to Bitcoin with minimal modifications.
Building on the groundbreaking work of the Bitcoin Virtual Machine (BVM) project, StratoVM leverages BVM’s core components, including Local Mempool, TxWriter, and TxReader, to execute and validate smart contracts on the Bitcoin blockchain. In addition, 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 the secure and decentralized foundation of Bitcoin.
Disclaimer: This is a press release provided by a third party responsible for the content. Please conduct your own research before taking any action based on content.
