UTXO Stack will launch the first BTC ecosystem AppChain to serve the financial assets and applications of RGB++ Layer

UTXO Stack will launch the first BTC ecosystem AppChain, which mainly serves the financial business within the BTC ecosystem. The financial chain will carry assets and applications on the RGB++ Layer, including transactions, lending, stablecoins, IDOs and other dapps, to promote the accelerated arrival of BTCFi. The test chain will be open for testing in Q3.

The AppChain adopts the #UTXO model and the #PoS mechanism. Due to the inherent parallel processing capabilities of the UTXO model, it allows ultra-high transaction processing speeds and extremely low transaction fees. Users can use Bitcoin wallets such as JoyID, OKX Wallet and Gate Wallet to interact with the AppChain and use the RGB++ Layer without feeling. And use CKB smart contracts to pledge assets such as CKB, ccBTC and RGB++.

As the first AppChain based on the UTXO model, this financial chain will demonstrate to the community the advantages of the UTXO Model in scalability, security, transaction speed, and fees. We look forward to more community AppChains built on the UTXO Stack in the future, including social chains, game chains, etc., to further expand the functions and applications of the Bitcoin ecosystem.