An EVM-Compatible, High Throughput Sidechain

Bitrock: A High-Performance Layer-2 Sidechain

Bitrock is a layer-2 sidechain designed for speed, cost-efficiency, and security, utilizing a proof-of-authority (PoA) consensus mechanism. The platform provides a secure environment by relying on a group of trusted validators.

This sidechain is capable of processing 12,000 transactions per second (TPS), with an incredibly short block time of just 2 seconds, positioning it among the fastest sidechains worldwide. Its compatibility with Ethereum allows it to support all EVM-compatible smart contracts, enabling developers to seamlessly migrate and leverage Bitrock’s features without needing to build from scratch.

Bitrock serves as an alternative development platform, fostering new use cases and opportunities within the blockchain space. Launched on July 13, the project did not engage in private sales, presales, or rely on venture capital investments, making it appealing to retail investors and reducing the risk of price manipulation by larger investors. The team’s funds fully financed the project prior to its official launch, and Bitrock is not a fork of any other protocol. Its total supply matches its circulating supply, alleviating concerns about future dilution.

The Bitrock Ecosystem

Rockswap

Rockswap, Bitrock’s decentralized exchange (DEX), allows users to conduct trades for any token via their decentralized wallets. The DEX is working on a multichain integration, starting with Ethereum, enabling users to buy and sell tokens without holding or paying gas fees in the native token; instead, fees will be deducted in Bitrock tokens.

Bitrock Staking

Staking on Bitrock involves locking Bitrock tokens to enhance network security. These staked tokens assist validators in transaction verification and block creation, rewarding users based on the staked amount, duration, and current annual percentage yield (APY). Users have the flexibility to withdraw staked funds in emergencies, albeit with a 25% penalty. Currently, tokens staked on the Ethereum mainnet yield a 30% APY, while those on the Bitrock mainnet provide a 60% APY. Notably, 40% of Bitrock’s total supply has been staked.

Bitrock Bridge

Developed in partnership with Sphynx Labs, the Bitrock bridge allows developers and entrepreneurs to transfer their tokens to the mainnet for improved processing speeds and lower fees. Users can connect their decentralized wallets to easily bridge tokens, select networks, and approve bridge transactions.

Token Builder

The in-house token builder feature within the Bitrock ecosystem enables users to launch new tokens with minimal coding knowledge by simply entering required parameters. The smart contracts created are embedded with security measures to safeguard against tampering.

Community Engagement

The Bitrock community is active across various platforms, including Discord, Telegram, and Twitter. Members contribute to the ecosystem by developing decentralized applications (dApps), submitting bug reports, suggesting new features, and testing updates.

Features of Bitrock Sidechain

Near-Zero Gas Fees

Transactions on Bitrock can be executed at a fraction of a cent, with gas fees as low as 0.000001 gwei when using the native BTR20 tokens, making it extremely cost-effective compared to other layer-2 chains.

Fast, Secure, and Scalable

The platform is designed to handle high-speed transactions, providing a reliable performance for dApps and giving Bitrock a competitive edge in the market.

EVM Compatibility

Being EVM-compatible allows developers to use their existing knowledge and Ethereum-based smart contracts, simplifying the development process while benefiting from EVM-compatible security measures.

Support for Decentralized Applications

Bitrock is capable of powering decentralized finance (DeFi) platforms, non-fungible token (NFT) projects, metaverse initiatives, and GameFi projects, utilizing its speed and scalability to enhance user experiences. The platform is integrated with popular tools and wallets, with plans for further collaborations.

Regulatory Compliance and Audits

Bitrock’s developers have undergone thorough Know Your Customer (KYC) processes with a reputable firm, fostering trust and compliance. Additionally, the platform’s smart contracts have received audits from a recognized blockchain security firm, known for collaborations with major blockchain entities.

Conclusion

In summary, Bitrock stands out as an EVM-compatible layer-2 sidechain leveraging the PoA consensus mechanism. Its near-zero gas fees, high speed, and scalability make it an attractive option for developers. The commitment to regulatory compliance aims to create a safe environment for its users.

Before participating in any blockchain projects, users are encouraged to conduct their own research.