BRC20 has simply unleashed its Layer2 platform, BL2, which intends to attach ZK-Rollup with Bitcoin and execute multi-node authentication on the Layer2 community. In flip, this may assist enhance the protection facets of zero-knowledge proofs. BL2 is akin to the Bitcoin safety consensus.
Just a few BTC most important builders and early associates created the manageable BTC Layer2 platform generally known as BL2. It has been created on the VM common protocol and BTC security base. The intention is to arrange an unique BTC Layer 2 ecosystem by constructing a dApp and sensible contract platform.
VM, Layer2’s heart, is a Layer 2 platform impressed by the VM common protocol. It helps arrange an unbiased authentication and consensus infrastructure for Bitcoin block header info by way of transferring Layer 2 block header abstract info to the BTC Layer 1 community for authentication. This ensures the Bitcoin community’s security with out the crowding brought on by contract layer features on the mainnet. Additional, BL2 brings in ZK-Rollup to BTC Layer 2, executing multi-node ZK authentication on the Layer 2 community. It comes with the principle segments like pockets, cross-chain bridge, consensus algorithm, and VM protocol.
BTC Layer 2 high-frequency chain permits multi-protocol BTC asset switch and initiates fast and cost-effective transactions on Layer 2. The BTC roll-up establishes a ZK roll-up hyperlink between BL2 and the Bitcoin community to assist with cross-chain features and protocol calls with ETH and varied different Layer 2 networks. A traditional protocol adaptability is ready up for a number of mainline VMs for the sake of asset cross-chain and protocol calls.
Its major options embody help for cross-chain inscription administration and Bitcoin sensible contracts, in addition to Bitcoin DeFi, a typical BIP algorithm, a VM normal protocol, and an inscription help mechanism. It boasts a sooner and cheaper Bitcoin community, in addition to a robust L2 that’s protected by Bitcoin security measures. All through the chains, there’s an all-inclusive inscription. BL2 will initially embody inscription units on mainline chains.
The token, $BL2T (BRC-20), comes with a provide ceiling of 21,000,000. The BTC community L2 governance token comes with 20% set gasoline burning, 20% OG mining plan, 10% node rewards, 5% staff, together with 5% advertising and marketing prices, 5% consumer buying and selling advantages, 5% SWAP liquidity enchancment, and 50% IDO.
