Top Bitcoin Layer-2 Projects In 2024How To Buy The Top BTC Layer 2 Projects on BitKan Cryptocurrenc

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8 Apr 2024
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Bitcoin (BTC), the pioneer in cryptocurrencies, changed finance with its advanced blockchain tech. But, as it got more popular, issues like handling more transactions and doing them faster came up.

What Are Layer-2 Networks?

Layer-2 networks are like helpers added on top of the main blockchain (Layer-1) to make it handle more transactions faster. These networks deal with transactions separately, making things smoother and more efficient. They play a crucial role in solving the challenges of making blockchain scalable, secure, and decentralized.
This expansion makes Bitcoin not just a safe place for money but also a more versatile cryptocurrency, capable of supporting complex applications and systems. Let’s look into the Top Bitcoin Layer-2 solutions and key improvements that tackle these problems in the Bitcoin system:
(1) Stacks (STX)
Performance: +705% (Past 1 Year)
(2) Rootstock Infrastructure Framework (RIF)
Performance: +230% (Past 1 Year)
(3) MAP Protocol (MAP)
Performance: +338% (Past 1 Year)

Stacks (STX)

About STX

Ranked: #26 (Market Capitalization)
24h Daily Trading Volume: +124% ($779,000,000)
Growth: +721% (Past 1 Year)
STX Spot Trading Link:
https://bitkan.com/trade/STX-USDT
STX Futures Trading Link:
https://bitkan.com/futures/STX-USDT
Stacks introduces smart contracts and decentralized applications (dApps) to Bitcoin without changing the main Bitcoin blockchain. Instead, it expands what Bitcoin can do, allowing developers to create new things while using Bitcoin’s strong network.
With the arrival of Stacks 2.0, the platform gained staking and DeFi capabilities, making it more appealing to users and developers. The native token, STX, and the various dApps on Stacks highlight its expanding ecosystem.
Bitcoin is the largest, most valuable, and most durable decentralized asset. The Stacks layer unlocks $500B in BTC capital using the Bitcoin L1 as settlement for decentralized applications. Stacks has knowledge of the full Bitcoin state, thanks to its Proof of Transfer consensus and Clarity language, enabling it to read from Bitcoin at any time.
All transactions on the Stacks layer are automatically hashed and settled on the Bitcoin L1. Stacks blocks are secured by 100% Bitcoin hashpower. In order to re-order Stacks blocks/transactions, an attacker would have to reorg Bitcoin.
An extension of STX — StackingDAO:
https://twitter.com/StackingDao/status/1739680214337364350
STX Details:
Insights

Rootstock Infrastructure Framework (RIF)

About RIF

Ranked: #244 (Market Capitalization)
24h Daily Trading Volume: +543% ($55,000,000)
Growth: +275% (Past 1 Year)
RIF Spot Trading Link:
https://bitkan.com/trade/RIF-USDT
RIF Futures Trading Link:
https://bitkan.com/futures/RIF-USDT
Rootstock Infrastructure Framework (RIF) brings smart contracts to Bitcoin, combining the advantages of Ethereum’s smart contracts with Bitcoin’s strong network. This creates a special mix of useful features and security. RIF focuses on working well with Bitcoin, making it more important in the Layer-2 system.
RSK’s own token, RIF, and its partnerships with other blockchain projects show that it’s firmly established in the market. The way it integrates with Bitcoin through merge-mining also adds to its reputation for security. RIF offers open-source, decentralized tools and technologies that make it easy to build accessible DeFi products.
Meet RIF, the building blocks of a new financial system

  • Send money anywhere in the world with local currency on/off ramps
  • Save in USD with safe, low-risk, stablecoins
  • Borrow with uncollateralized community-supported loans
  • Pay utility bills and receive salaries in crypto

RIF Details:
Insights

MAP Protocol (MAP)

About MAP

Ranked: #432 (Market Capitalization)
24h Daily Trading Volume: +77% ($4,400,000)
Growth: +232% (Past 1 Year)
MAP Spot Trading Link:
https://bitkan.com/trade/MAP-USDT
A Bitcoin (BTC) layer-2 and peer-to-peer omni-chain infrastructure built upon light clients and ZK technology, focusing on cross-chain interoperability.
The Bitcoin Layer-2 for Bitcoin Ecosystem Transformation
By leveraging the Bitcoin network’s security mechanism, MAP Protocol strengthened its network security and serves as a Bitcoin layer-2 to enable BRC-20 cross-chain and allow assets and users from other public chains interact with the Bitcoin network via peer-to-peer cross-chain.
The Bitcoin-Level Peer-To-Peer Cross-Chain Network
Similar to the “purely peer-to-peer” Bitcoin network, MAP Protocol’s cross-chain network is also peer-to-peer without going through any third party. The validity of a cross-chain request depends purely on the fact that it has occurred on the source chain, not on decisions or proofs made by trusted third parties.
The Infra For Interoperable On-Chain Assets, Storage, and Computing
Interoperability goes beyond connecting different tokens on different chains. A truly decentralized Web3 is where assets, storage, and computing are all on-chain and interoperable. We provide the infrastructure for interoperable on-chain assets, storage, and computing.
MAP Details:
Insights

Conclusion:

Layer-2 solutions for Bitcoin are crucial for making the Bitcoin system better. They tackle important problems and create new opportunities for more people to use Bitcoin. This is a big step forward in making a faster and more effective blockchain system. Due to the BTC ETF Approval along with BTC halving in 2024, more Bitcoin layer-2 solutions are bound to be released this year.

About BitKan

Trusted since 2012, BitKan enables you to trade 1200+ crypto coins across its 8 Partner Exchanges (E.g. Binance & OKX) with 1 BitKan APP. With BitKan’s weekly new coin listings and negative spread, there is now a better way to get the cheapest Bitcoin, Ethereum, and your favourite crypto coins in under a minute.

Tips To Get Your Favourite Coins on BitKan

Begin by signing up for a BitKan Account (Web) or BitKan Account (APP). When you’re in the BitKan APP, click on [Wallet] at the bottom right corner. Next, click on [Deposit] which is the [Green Wallet] located in the middle. In this section, you can select which coins you would like to deposit by entering the coin name (Eg. Bitcoin or USDT).
Get a $100 BitKan Sign-Up Gift when you register for a BitKan Account today!
After selecting your desired coin, you will be given the specific coin’s deposit address (a unique string of numbers and alphabets) which you can deposit in. Here is a video on how to deposit cryptocurrency on BitKan.

Tips To Buy Your First Crypto on BitKan

Step 1A.
Head on to the Spot Trading section
Click on [Trade] at the bottom right of the APP. Next, click on [Spot] which is located at the top left of the screen. This is the page where you buy cryptocurrency.
Step 1B.
Search for your favourite trading pair (E.g. ETH/USDT)
Click on the search function on the top left of the screen beside the current trading pair (E.g. BTC/USDT), and enter the keyword “ETH” in the search box. Next, select your desired trading pair, which is ETH/USDT in this case. Lastly, enter the amount of ETH you wish to buy and click on Buy ETH to complete your trade order.

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