- Bitget Wallet has announced the integration of a Layer 2 solution for bitcoin, the B² Network.
- The initiative will enable cross-chain transactions and airdrop claims.
- The integration creates additional opportunities to launch NFT, DeFi, derivatives and other products.
Bitget Wallet cryptocurrency wallet Bitget Wallet has announced the integration of a second layer network for bitcoin, the B² Network. This was reported to Incrypted by the project team.
The initiative will allow access to a fast, cost-effective and secure layer 2 network through the Bitget Wallet mobile app or browser extension, the developers noted.
In addition, users will be able to make cross-chain transactions with bitcoin, as well as participate in programs with the possibility of receiving airdrop.
B² Network is the first bitcoin rollup based on verification using zero-disclosure proof-of-stake. The layer 2 solution increases transaction speeds and expands access to applications without compromising security, the press release said.
According to it, the B² Network is an EVM-enabled network that integrates smart contracts and helps unlock the potential of bitcoin’s market capitalization, which stands at $1.16 trillion at the time of writing.
Developers said B² Network’s support creates additional opportunities to launch groundbreaking applications in the ecosystem, including decentralized finance (DeFi), non-fungible tokens (NFT), bitcoin derivatives and new asset creation.
“We remain committed to evolving the bitcoin ecosystem, supporting and collaborating with various protocols and layer 2 networks, providing users with new assets and opportunities,” said Bitget Wallet COO Alvin Kahn.
Bitget Wallet’s non-custodial cryptocurrency wallet service is used by more than 15 million customers worldwide. The service has an extensive set of features including asset management, smart market data, swaps and more. Bitget Wallet supports nearly 100 blockchains and over 250,000 cryptocurrencies, and aggregates liquidity from hundreds of decentralized protocols and cross-chain bridges.
