The blockchain project, Rooch Network, has successfully launched its pre-mainnet phase after a three-month testnet period. This significant development aims to unlock the full potential of the Bitcoin ecosystem by introducing an application layer for native interactions.
Introduction to Rooch Network
Rooch Network is a blockchain-based project that seeks to enhance the functionality of the Bitcoin network. By developing an application layer, Rooch endeavors to facilitate decentralized finance (DeFi) and smart contract execution directly on the Bitcoin network. This innovative approach could significantly improve user experience and unlock new functionalities for BTC holders.
Pre-Mainnet Objectives
The pre-mainnet phase serves as a crucial step towards the official mainnet launch. During this period, Rooch Network aims to:
Gradual Iteration and Improvement
- Refine the network’s architecture to ensure security, stability, and scalability.
- Enhance security measures to safeguard user assets.
Decentralization
- Explore decentralized application scenarios within the Bitcoin ecosystem.
- Foster a community-driven approach to governance and decision-making.
Application Scenarios
- Develop and showcase native Bitcoin applications that integrate with Rooch Network.
- Unlock yield opportunities for BTC holders through non-custodial interactions.
Non-Custodial Bitcoin Applications
Rooch Network’s unique selling point lies in its non-custodial approach. Users can interact with Rooch-powered applications directly from their own BTC wallets without transferring assets to third-party custodial wallets or bridges. This feature enables users to maintain control over their assets and enjoy seamless, secure interactions.
Grow Bitcoin Platform
The Grow Bitcoin platform is designed to accelerate the growth of the overall Bitcoin ecosystem. Users can vote for their favorite projects and receive rewards by proving their BTC holdings. The platform allows participants to lock different versions of BTC, such as native BTC, staked BTC, or wrapped BTC, to participate.
Move Programming Language Integration
Rooch Network is integrating the Move programming language, enabling developers to build Bitcoin applications using this language on Rooch. The pre-mainnet phase provides all necessary tools for developing mainnet-ready applications, except for the official Rooch protocol utility token, which will be launched at a later date.
Participate in the Pre-Mainnet Phase
Rooch Network invites the community to participate in this transformative phase and shape the future of the Bitcoin ecosystem. By embracing a native, non-custodial approach, Rooch seeks to rewrite the ‘DeFi on Bitcoin’ narrative and unlock new possibilities for users.
Conclusion
The launch of Rooch Network’s pre-mainnet phase marks an exciting milestone in the development of the Bitcoin ecosystem. With its focus on decentralization, security, and scalability, Rooch Network is poised to revolutionize the way individuals and businesses interact with BTC. Join the community today and be a part of this transformative journey.
Learn More About Rooch Network
Visit Rooch Network’s website to explore their vision for a decentralized Bitcoin ecosystem and stay updated on their latest developments.
Disclaimer
Cointelegraph does not endorse any content or product in this article. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.
Sources:
- Rooch Network
- Cointelegraph Accelerator