{"id":93651,"date":"2024-09-17T16:11:47","date_gmt":"2024-09-17T20:11:47","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=93651"},"modified":"2024-09-17T16:13:06","modified_gmt":"2024-09-17T20:13:06","slug":"bitcoin-l2-stacks-launches-sbtc-on-aptos","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-l2-stacks-launches-sbtc-on-aptos\/","title":{"rendered":"Bitcoin L2 Stacks Launches sBTC on Aptos Network\u00a0"},"content":{"rendered":"\n

According to a statement from the Aptos Foundation, the Bitcoin Layer 2 protocol<\/a>, Stacks, will incorporate Bitcoin into the Aptos ecosystem.\u00a0<\/p>\n\n\n\n

\"Bitcoin
Bitcoin L2 Stacks Launches sBTC on Aptos Network\u00a0<\/figcaption><\/figure>\n\n\n\n

Layer-2 solution for Bitcoin Developers will be able to integrate Stacks' Bitcoin-backed asset, or sBTC, into decentralized applications<\/a> by bringing it to the Aptos network. <\/p>\n\n\n\n

According to a press release, this move would enable Bitcoin to be utilized across decentralized applications created on Aptos, which is powered by the Move programming language. <\/p>\n\n\n\n

sBTC, a currency backed by Bitcoin that facilitates the safe transfer of Bitcoin to Layer 2 networks like Stacks, is the fundamental component of this integration. <\/p>\n\n\n\n

Bitcoin can now be utilized in programmable ways instead of just being kept as a store of wealth thanks to sBTC. <\/p>\n\n\n\n

Owners of Bitcoin will be able to use their assets in a variety of new contexts thanks to the integration, including social media, gaming, AI, decentralized finance, and non-fungible token markets\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. <\/p>\n\n\n\n

This creates new opportunities for Bitcoin's functionality in many apps for Aptos users and developers.\u00a0<\/p>\n\n\n\n

Now, Bitcoin owners will have more options for using their assets than just storing or trading them, such as participating in NFT markets or decentralized finance.\u00a0<\/p>\n\n\n\n

Collaboration Details<\/strong><\/h2>\n\n\n\n

Aptos and Stacks' partnership aims to bring together the advantages of both platforms.\u00a0As a Layer 1 blockchain<\/a>, Aptos is renowned for its scalability, which qualifies it for high-demand use cases in decentralized payments and banking. <\/p>\n\n\n\n

In contrast, Stacks is concentrated on improving the security and usefulness of Bitcoin. By working together, these ecosystems hope to highlight practical applications and increase the effectiveness of Bitcoin as a Web3 asset<\/a>. <\/p>\n\n\n\n

The Stacks Foundation's executive director, Mitchell Cuevas, stated that this integration lowers obstacles separating Bitcoin from practical uses.\u00a0Mitchell Cuevas, Executive Director at the Stacks Foundation:<\/p>\n\n\n\n

\n

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 Bitcoiners have been eagerly awaiting.”<\/p>\n\n\n\n

<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

According to a statement from the Aptos Foundation, the Bitcoin Layer 2 protocol, Stacks, will incorporate Bitcoin into the Aptos ecosystem.\u00a0 Layer-2 solution for Bitcoin Developers will be able to integrate Stacks’ Bitcoin-backed asset, or sBTC, into decentralized applications by bringing it to the Aptos network. According to a press release, this move would enable […]<\/p>\n","protected":false},"author":43,"featured_media":93652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[8148,21881,21882],"class_list":["post-93651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-aptos","tag-bitcoin-l2-stacks","tag-sbtc"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/croc_1726594443724.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/93651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=93651"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/93651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/93652"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=93651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=93651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=93651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}