What is BitBolt
Last updated
Last updated
BitBolt Network is the first Bitcoin Layer 2 network dedicated to Bitcoin payments and the Ordinals ecosystem. It leverages Account Abstraction and Threshold ECDSA technologies to maximize Bitcoin's potential for the future.
BitBolt empowers users with the ability to conduct Bitcoin transactions at lightning speeds, while ensuring lower transaction fees and the utilization of smart contract features. Importantly, it achieves this without compromising the inherent security and dependability of the Bitcoin network.
Supporting threshold signatures and account abstraction, the BitBolt Network offers users the capability to deposit or withdraw Bitcoin, and even perform sophisticated transfers like timed transactions. This effectively enhances Bitcoin's proximity to decentralized payment systems.
The BitBolt Network features a decentralized cluster of information nodes responsible for synchronizing block data from the Bitcoin network and reaching a decentralized consensus on the acquired data. This unique aspect enables BitBolt to interact in real time with the Bitcoin network. Consequently, developers building smart contracts on the BitBolt Network can design these contracts to receive both the most recent block data from the Bitcoin network and past block information. Additionally, users can transfer their BTC within the BitBolt Network to any address on the Bitcoin Network at any time. This feature also enables the BitBolt Network to read assets inscribed on the Bitcoin network through the Ordinals protocol.