Tron blockchain founder Justin Solar has introduced plans for a Bitcoin-based layer 2 resolution.

February fifteenth submit Solar introduced on social media platform X (previously Twitter) that he intends to advertise decentralization and seamless integration of varied token codecs throughout the TRON community and broader Bitcoin ecosystem. This strategic transfer will improve interoperability and permit Bitcoin to faucet into TRON's $55 billion stablecoin pool.

“This revolutionary strategy decentralizes the varied sorts of tokens throughout the TRON community, together with stablecoins, to the Bitcoin community and its constructed Layer 2, comparable to Bitcoin Ordinal, and decentralizes them in varied mixture methods. The aim is to convey folks collectively and produce them collectively,” mentioned Solar. defined.

Though the particular timeline stays undisclosed, TRON's Bitcoin Layer 2 roadmap outlines three key phases.

The primary section will concentrate on integrating varied TRON token codecs with the Bitcoin community by way of cross-chain know-how. On the identical time, Tron DAO goals to strengthen its Ordinals and Bitcoin layer 2 options by investing in intuitive wallets and assist instruments for BRC-20 tokens.

In Stage 2, TRON will combine with a number of Bitcoin Layer 2 protocols to allow customers to take part in staking actions throughout numerous BTC-based Layer 2 networks.

In its last section, the community will launch a layer 2 resolution that interfaces TRON, BitTorrent Chain (BTTC), and Bitcoin networks. Specifically, the answer introduces a Bitcoin-compatible protocol that options the agility of a proof-of-stake (POS) blockchain system and the sturdy safety offered by a proof-of-work (POW) community.

Speedy improve in Bitcoin TVL

Bitcoin's whole property locked (TVL) has surpassed $1 billion, marking a notable milestone within the cryptocurrency trade.

Based on information from DeFiLlama, Bitcoin's TVL has skilled a staggering improve of practically 300% previously week alone, reaching $1.232 billion. This surge has propelled Bitcoin into the highest 6 networks when it comes to his TVL, surpassing good contract-enabled blockchains comparable to Cardano and Avalanche.

The speedy progress of BTC’s TVL might be primarily attributed to the current Merlins Seal occasion hosted by Merlin Chain, the native Bitcoin layer 2 community developed by Bitmap Tech. The occasion launched the governance token MERL, which inspires customers to stake their property and earn his M Factors. Since February ninth, over $800 million has been staked from over 16,000 BTC.

This milestone displays the expansion of DeFi exercise throughout the Bitcoin ecosystem and additional solidifies its place because the premier blockchain within the evolving cryptocurrency panorama.