Unlike other DeFi platforms that utilize sidechain tokens for transactions, OP_Net will require Bitcoin itself to...
blockchain, aiming to leverage Bitcoin’s robustness for decentralized finance applications. A set of developers led by Co-founder Chad Master is set to launch the OP_Net testnet on 7 August.
This testnet incorporates elements of the Taproot upgrade, an enhancement that has already improved Bitcoin’s privacy and scalability.Unlike other DeFi platforms that utilize sidechain tokens for transactions, OP_Net will require Bitcoin itself to pay transaction fees. Additionally, the testnet will provide access to both fungible and non-fungible tokens , broadening the range of financial instruments available to users on Bitcoin’s blockchain.
“We don’t want to be responsible for launching those, but we need to be able to have the environment where those things can launch.”
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