📢 Gate Square #Creator Campaign Phase 2# is officially live!
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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Let's break down how BitVM settles Ethereum DeFi using Bitcoin.
The dilemma of traditional cross-chain bridges lies in the centralized custody risk vs. the fragmentation of liquidity in wrapped assets, while @build_on_bob uses BitVM to break the deadlock:
Trustless Execution Layer:
Running DeFi logic off-chain, fraud challenges trigger BTC confiscation, and economic games replace moral trust.
Hybrid Scaling Engine:
Ethereum handles data storage (low cost), Bitcoin focuses on final settlement (high security), BitVM moves DeFi transactions off-chain, using zero-knowledge proofs to confirm the correctness of information.
EVM Compatibility:
Solidity contracts directly validate Bitcoin, allowing developers to migrate Uniswap with zero learning costs, while BitVM ensures these contracts are verified on the Bitcoin chain.
#BOB The latest progress is that the BitVM testnet has introduced collateral reuse technology, improving node capital efficiency by 400%, integrating deBridge to connect assets from Solana and over 20 other chains, and expanding the BTC DeFi liquidity pool to $250 million.
"BitVM is the ultimate puzzle missing from Bitcoin smart contracts" - Grayscale's July report states that BTC DeFi TVL soared 300% this quarter, with BOB capturing 60% of the share! Institutional FOMO has begun, and retail investors should hop on board.
In simple terms, BOB is like a super traffic hub that integrates the security of Bitcoin, the flexibility of Ethereum, and high-speed execution capabilities, making the DeFi world more efficient, safer, and easier to build.
#BOB # BitcoinDecentralized Finance #Cookie @build_on_bob
@cookiedotfun