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Bitrock: A Fast and Cost-Effective Layer-2 Sidechain Compatible with Ethereum

Discover Bitrock's features as a scalable, EVM-compatible layer-2 sidechain with near-zero gas fees, offering a robust ecosystem for developers.
Published on 2023-09-05

Introduction to Bitrock

Bitrock is a layer-2 sidechain compatible with Ethereum, designed to enhance speed, cost-efficiency, and security in blockchain transactions. Utilizing a proof-of-authority consensus mechanism, Bitrock relies on trusted validators for robust security, executing transactions within seconds at near-zero costs.

Performance and Compatibility

Capable of processing 12,000 transactions per second with a block time of 2 seconds, Bitrock ranks among the fastest sidechains globally. Its compatibility with Ethereum allows support for all EVM-compatible smart contracts, enabling developers to migrate easily without rebuilding their projects. This opens new possibilities and use cases, making Bitrock a versatile platform for developers.

Launch and Development

Launched on July 13, Bitrock did not undergo private sales, presales, or VC backing, aiming to attract retail investors and avoid price manipulation by larger investors. Funded through the team’s resources, Bitrock's total supply equals its circulating supply, eliminating concerns about dilution.

Ecosystem Features

Rockswap DEX

The decentralized exchange, Rockswap, is a non-custodial platform allowing token trades through decentralized wallets. It features a multichain integration layer, initially on Ethereum, enabling users to trade without holding or paying gas fees in native tokens, using Bitrock tokens instead.

Staking and Rewards

Staking on Bitrock strengthens the network, with rewards dependent on factors like the amount staked and the staking period. Staked tokens on the Ethereum mainnet earn a 30% APY, while those on the Bitrock mainnet attract a 60% APY. Currently, 40% of Bitrock’s supply is staked.

Bridge and Token Builder

The Bitrock bridge, developed with Sphynx Labs, allows seamless token transfers to the mainnet, ensuring high-speed processing and low fees. The in-house token builder enables users to launch tokens with minimal coding, equipped with security features to prevent tampering.

Community and Compliance

Bitrock boasts an active community across platforms like Discord and Telegram, contributing to development and support. The platform complies with regulatory standards, completing KYC registrations with Assure DeFi and undergoing audits by CTDSEC.

Conclusion

Bitrock offers a compelling solution for developers seeking a fast, secure, and scalable blockchain platform. Its near-zero gas fees and EVM compatibility make it an attractive choice, further enhanced by its regulatory compliance and robust ecosystem.

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