Report: Bitcoin DeFi Security Enhanced as Rootstock Hashrate Share Increases
PANews reported on May 12, according to CoinDesk, that the latest report from data analysis firm Messari indicates that the Bitcoin DeFi ecosystem (BTCFi) is experiencing a dual enhancement in security and cost advantages. As a core infrastructure, the Bitcoin Layer2 network Rootstock is currently protected by 81% of Bitcoin's total hash rate (an increase of 25 percentage points since February), with transaction fees reduced by 95% compared to the Bitcoin mainnet and 55% lower than the Ethereum network. This network supports smart contracts through the improved BitVMX programming language and integrates with the cross-chain protocol LayerZero to achieve multi-chain interoperability.
The report emphasizes that with leading mining pools like Foundry and Spiderpool joining, the security of Rootstock's transaction verification has significantly strengthened. By 2025, the network will continue to attract developers through upgrades such as a further 60% reduction in transaction fees. Similar Bitcoin Layer2 projects like Stacks and BOB are also accelerating the implementation of DeFi applications. Data shows that the current total value locked in Bitcoin DeFi has exceeded $1.5 billion, a growth of over 300% since the beginning of the year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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