In various crypto reports, Binance is set to support Shentu (CTK) and Rootstock Infrastructure Framework (RIF) network upgrades. The Rootstock platform has set a new path for Bitcoin, exploring its potential beyond usual HODLing strategies, as evidenced by their leading role as a Bitcoin Layer 2 project. Rootstock's L2, dedicated to fostering decentralized applications, sheds light on Bitcoin's promising features. The RIF price escalated over 300% in moments, demonstrating the robust dynamics of the crypto market.
Notably, IOVLabs is introducing a $2.5 million Grants Program and the Scaling Bitcoin Hackathon to attract new innovative minds. The Rootstock summit invited developers worldwide to participate in 'Building on Bitcoin,' iterating its goal to incorporate DeFi on Bitcoin. Recognized as the first sidechain in the Bitcoin network, Rootstock urges developers to design Bitcoin wallets using open-source frameworks.
In other news, Binance recently extended its assistance for BOME, WIF, and 36 other cryptos to facilitate market recovery. Speculation from analysts suggests an impending crypto frenzy that might even involve meme coins by 2024. The addition of decentralized exchanges and stablecoins on top of Bitcoin's network through Rootstock represents one aspect of the evolving decentralized banking industry. Recently launched, the Latin American Marketplace for NFTs has facilitated minting on Bitcoin, thereby stretching the utility of the cryptocurrency.
Rootstock Infrastructure Framework News Analytics from Sun, 12 Jan 2020 08:00:00 GMT to Mon, 22 Jul 2024 07:00:00 GMT - Rating 7 - Innovation 8 - Rumor 5