Bitrock Emerges as a Robust Contender in Layer 2 Area

• Bitrock, a layer 2 EVM-compatible sidechain, affords decrease fuel charges and excessive throughput to customers.
• The community’s native token BROCK at the moment holds a market cap of $6.7 million.

The Layer 2 blockchain ecosystem is frequently evolving, with tasks like Polygon, Arbitrum, Immutable X, and Mantle main the best way. On this aggressive house, the place quite a few progressive tasks enter, distinguishing the very best amongst them might be difficult. Nonetheless, Bitrock has captured the group’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 challenge set itself aside by funding its growth from the staff’s personal assets and finishing it simply two months earlier than launch. Not like many different Layer 2 options, Bitrock isn’t a fork. It maintains a complete provide equal to its circulating provide, with no locked or vested tokens, guaranteeing no additional dilution.

Considered one of Bitrock’s standout options is its core staff’s KYC verification with Guarantee DeFi, a companion working carefully with the FBI, the US Lawyer’s Workplace, and varied authorities entities. Notably, Bitrock just lately underwent a complete audit with CTDSEC, a blockchain safety agency that audited tasks reminiscent of 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 fuel 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 alternate (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 fuel charges in native tokens. Moreover, the L2 chain’s token builder utility simplifies the method of launching tokens by deploying a normal preloaded contract. This facility is accessible to anybody, even these with no coding or technical experience.

Bitrock additionally encourages staking with annual proportion yields (APY) of 30% for Ethereum aspect staking and 60% for mainnet staking, engaging customers to take part in securing the community. At present, over 40% of the full provide is staked, indicating robust group engagement.

Bitrock on the Path to Success?

Bitrock established speedy integration with varied blockchain instruments and platforms over the previous few months. The layer-2 answer is built-in on distinguished platforms reminiscent of crypto alternate Bitmart, launchpad protocol Pinksale, and Belief Pockets Swapping and famend crypto purposes reminiscent of DEXTools, Dexview, Geckoterminal, Sphynx Labs and Avedex.

This adaptability ensures that Bitrock might be seamlessly included into any pockets that helps customized networks, increasing its accessibility to customers. Moreover, Bitrock’s method to launching official companion tasks includes a rigorous vetting course of to make sure safety and worth addition to the chain. 

In return for passing this course of, Bitrock affords tasks advertising and challenge assist — pre and post-launch actions — on its channels in addition to different varied incentives. Three official companion tasks 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 worth of $0.06749.