BeL2 – Turn an EVM into a Bitcoin Layer 2

2024-5-3 06:00

Why you should listen

BeL2 transforms EVM-compatible blockchains into Bitcoin Layer 2s, without bridging BTC. It utilizes a secure ZKP data feed, enhancing Bitcoin’s utility from a store of value to a foundational layer for BTC-powered applications.

BeL2 allows smart contracts to communicate with Bitcoin, utilizing a specialized proof and relayer mechanism. This allows services to connect into the Bitcoin network and its liquidity.

ELA, is Elastos’ Layer 2 coin merged-mined with Bitcoin since 2018 with over 50% of Bitcoin’s miners security. It has a total supply of 28.22 million coins by 2105 and current circulation of 21.3 million. Within BeL2, ELA is essential, serving as collateral for Relayers, powering trust and stability. Stake ELA, earn BTC contributes to network security, empowering holders to shape Bitcoins smart economy.

Elacity’s Decentralised Digital Rights Management (dDRM) protocol eliminates license servers using blockchain technology and edge computing, delivering secure business models to Web3.

Elacity dDRM transforms digital rights and asset management in Web3. It addresses key challenges in Digital Rights Management (DRM), such as packaging, transparency, and secure playback, through the use of blockchain and peer-to-peer (P2P) technologies. By offering a decentralised, scalable networking solution, Elacity enables a digital asset marketplace which features robust IP protection and scarce, tradable access, ownership and distribution rights. Elacity delivers decentralised business models, instant royalties, and inclusive economics to owners in Web3, automating contractual challenges, optimising resource sharing, and enabling equitable control and monetisation of digital assets through a democratised online Access Economy.

Supporting links

Bel2

Elastos

Elacity

Slaugherbots

Andy on Twitter

Brave New Coin on Twitter

Brave New Coin

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