A technological revolution in Bitcoin will change the way users of the digital currency engage with distributed apps (DApps) under complete asset control. New native application layer for the BTC ecosystem, Rooch Network is enabling users to interact with DApps free from the security concerns connected with custodial wallets.
Originally mostly used as a store of wealth rather than a tool for interactive applications, Bitcoin has long been considered as the gold standard of digital currencies.
Although Ethereum has dominated the distributed application (DApp) market, Bitcoin’s value in these spheres has stayed underwhelming. For those who want to use their BTC more than just as an investment, this presents a conundrum.
For Bitcoin users looking at DApps, security and privacy issues have been major obstacles. Dependency on outside custodial wallets or bridges to communicate with DApps has brought weaknesses including the possibility of hacks and illegal access to private keys. But Rooch Network’s creative solution presents a mix of functionality and security.
Bitcoin Revolutionized Secure DApp Interaction With Rooch Network
Rooch Network presents a native non-custodial BTC application layer so users may interact with DApps straight from their wallets without handing over control of their private keys. By removing the security concerns related to moving BTC to custodial wallets, our non-custodial structure offers a safer surroundings for Bitcoin owners.
Rooch Network’s key product is its original stacking layer-2 (L2) architecture, which improves Bitcoin application scalability and security. More effective transaction and data processing made possible by this L2 architecture helps to enable the creation of increasingly sophisticated and scalable BTC-based products.
Potential uses for distributed exchanges and sophisticated smart contract operations which would perform more effectively on Rooch’s architecture include
Apart from enhancing scalability, the stacking L2 design of Rooch Network offers Bitcoin owners chances for yield generation.
By means of integration with Babylon Finance, a self-custodial BTC staking system, Rooch helps users to generate non-custodial extra returns. Part of the larger BTCFi ecosystem, this integration seeks to increase the use of BTC beyond of simple transactions and storage.
Designed around BTC, the BTCFi ecosystem comprises of several financial apps and products including on-chain credential systems, prediction markets, and digital asset gamification platforms. The method of Rooch Network lets BTC holders engage in these chances safely, maybe producing yields and keeping total control over their assets.
Technically, Rooch Network uses MoveVM, a virtual machine meant to enable the creation and running of Bitcoin apps.
MoveVM is customized to Bitcoin’s native unspent transaction output (UTXO) paradigm, therefore tackling the programming issues developers commonly experience with BTC smart contracts, unlike Ethereum’s Virtual Machine (EVM), which employs an account-based model.
When working with both current and new assets on BTC, MoveVM’s asset-oriented language provides developers more freedom and expressiveness. This creativity provides the path for fresh Bitcoin-based DApps, therefore increasing the value of Bitcoin.
Emphasizing the transforming power of BTC, co-founder of Rooch Network Haichao said, “We are here to be the pioneer of exploring its utility and pave the way forward.”
