The post Bitcoin Layer 2 Stacks introduces sBTC to Aptos Network appeared on BitcoinEthereumNews.com.

Aptos Foundation has announced that Stacks, the Bitcoin Layer 2 protocol, will integrate Bitcoin into the Aptos ecosystem. Bitcoin layer-2 solution Stacks (STX) is introducing its Bitcoin-backed asset, sBTC, to the Aptos network, enabling developers to incorporate sBTC into decentralized applications. According to a press release shared with crypto.news, this move will allow Bitcoin (BTC) to be used across decentralized applications built on Aptos (APT), which is powered by the Move programming language. At the core of this integration is sBTC, a Bitcoin-backed token that enables Bitcoin to be securely transferred to Layer 2 networks like Stacks. With sBTC, Bitcoin can now be used in programmable ways rather than just being held as a store of value. The integration will enable Bitcoin holders to use their assets in various new ways, including within gaming, artificial intelligence, social platforms, decentralized finance, and non-fungible token marketplaces. For developers and users on Aptos, this opens up new possibilities for Bitcoin’s functionality within different applications. Bitcoin holders will now have more opportunities to use their assets beyond just holding or trading, such as engaging in decentralized finance or participating in NFT markets. Collaboration details The collaboration between Aptos and Stacks aims to combine the strengths of both platforms. Aptos is known for its scalability as a Layer 1 blockchain, making it suitable for high-demand use cases in decentralized finance and payments. Stacks, on the other hand, focuses on enhancing Bitcoin’s utility and security. Together, these ecosystems plan to bring real-world use cases to the forefront, making Bitcoin a more functional asset within Web3. Mitchell Cuevas, Executive Director at the Stacks Foundation, noted that this integration reduces barriers between Bitcoin and real-world applications. “The integration of sBTC on Aptos reduces the barriers between the world’s most adopted digital asset and the internet-grade, real-world applications that…

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Filed under: News - @ September 17, 2024 3:18 pm