- Bitrock, a layer 2 EVM-compatible sidechain, affords decrease gasoline charges and excessive throughput to customers.
- The community’s native token BROCK presently holds a market cap of $6.7 million.
The Layer 2 blockchain ecosystem is frequently evolving, with initiatives like Polygon, Arbitrum, Immutable X, and Mantle main the best way. On this aggressive house, the place quite a few revolutionary initiatives enter, distinguishing the very best amongst them may be difficult. Nonetheless, Bitrock has captured the neighborhood’s consideration by establishing itself as a cost-efficient and quick layer 2 EVM-compatible sidechain.
Bitrock Provides Distinctive Advantages to the Layer 2 Panorama
Bitrock forayed into the blockchain scene with its stealth launch on July 13. The venture set itself aside by funding its growth from the group’s personal assets and finishing it simply two months earlier than launch. In contrast to many different Layer 2 options, Bitrock is just not a fork. It maintains a complete provide equal to its circulating provide, with no locked or vested tokens, making certain no additional dilution.
One in every of Bitrock’s standout options is its core group’s KYC verification with Guarantee DeFi, a companion working carefully with the FBI, the US Legal professional’s Workplace, and numerous authorities entities. Notably, Bitrock just lately underwent a complete audit with CTDSEC, a blockchain safety agency that audited initiatives equivalent to XRP, Ethereum, and DEXTools. Bitrock’s high rating on this audit signifies its dedication to safety and reliability.
Bitrock employs a Proof-of-Authority (PoA) consensus mechanism, enabling quicker, cheaper, and extra scalable transactions. Remarkably, customers profit from decrease gasoline charges, with transactions costing as little as $0.00001 every. Moreover, with a block time of two seconds and a commendable throughput of 12,000 transactions per second, Bitrock surpasses the capabilities of established Layer 2 options.
Along with these benefits, Bitrock’s native decentralized change (DEX) — Rockswap — is about to introduce a multichain integration layer, first with Ethereum. This permits the shopping for and promoting of tokens on their native chains with out the necessity for exterior swaps or gasoline charges in native tokens. Moreover, the L2 chain’s token builder utility simplifies the method of launching tokens by deploying a regular preloaded contract. This facility is accessible to anybody, even these with no coding or technical experience.
Bitrock additionally encourages staking with annual share yields (APY) of 30% for Ethereum facet staking and 60% for mainnet staking, attractive customers to take part in securing the community. At present, over 40% of the whole provide is staked, indicating robust neighborhood engagement.
Bitrock on the Path to Success?
Bitrock established speedy integration with numerous blockchain instruments and platforms over the previous few months. The layer-2 answer is built-in on outstanding platforms equivalent to crypto change Bitmart, launchpad protocol Pinksale, and Belief Pockets Swapping and famend crypto functions equivalent to DEXTools, Dexview, Geckoterminal, Sphynx Labs and Avedex.
This adaptability ensures that Bitrock may be seamlessly integrated into any pockets that helps customized networks, increasing its accessibility to customers. Moreover, Bitrock’s method to launching official companion initiatives entails a rigorous vetting course of to make sure safety and worth addition to the chain.
In return for passing this course of, Bitrock affords initiatives advertising and venture assist — pre and post-launch actions — on its channels in addition to different numerous incentives. Three official companion initiatives have already been launched on Bitrock together with Rockswap.
At press time, the native token — Bitrock (BROCK) — held a market capitalization of $6,749,877 and traded on the value of $0.06749.
