Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Rootstock Bitcoin L2 Expects Further Latin American Expansion
TRADING NEWS

Rootstock Bitcoin L2 Expects Further Latin American Expansion

By Crypto FlexsJune 4, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Rootstock Bitcoin L2 Expects Further Latin American Expansion
Share
Facebook Twitter LinkedIn Pinterest Email

At Money 20/20 in Amsterdam, Ricardo Castro of Rootstock Labs highlighted the focus of Bitcoin Layer-2 protocols on providing global access to decentralized finance (DeFi), especially in emerging markets.

Bitcoin (BTC) and Ethereum (ETH) are the two largest decentralized networks, each with their own unique advantages. While BTC is known for its strong security standards, Ethereum’s blockchain emphasizes functionality and usability through smart contracts.

For years, developers have been trying to create a network that could bridge the two concepts and bootstrap decentralized finance solutions on top of BTC’s blockchain. Rootstock Labs says it has achieved this by providing a secure BTC-backed smart contract platform to Latin American users and cryptocurrency participants.

According to Castro, the protocol boasts over 2,000 BTC worth over $141 million and supports DeFi development and liquidity for decentralized applications (dapps) on layer 2 sidechains. The chain uses a native token called RBTC, which is pegged one-to-one to Bitcoin for transaction verification.

DefiLlama data also confirms that the total value locked in Rootstock is over $203 million, including over $15 million in stablecoins. Castro told attendees that the company will continue to support innovations in Bitcoin smart contact functionality to bridge the gap between BTC and Ethereum’s products.

The startup has won millions of dollars in awards for its developers and has already awarded more than 100 grants per executive in the past 12 months.

Rootstock Bitcoin L2 TVL
Rootstock BTC L2 TVL | Source: DefiLlama
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025

Like the initial Cardano, a way to reach $ 300 for Loy tokens more than $ 450K

June 25, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Montenegro rejects Kwon Do-kwon’s application for repatriation to Korea

March 20, 2024

Samsung secures $6.4 billion in grant from U.S. government to expand chip manufacturing in Texas

April 15, 2024

Why Ethereum (ETH) is falling behind Bitcoin? Major report explains ETH’s struggles

September 9, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.