Originally published on: December 06, 2024
Rooch Network has officially entered its pre-mainnet phase after a successful three-month testnet period, heralding a new era of possibilities for Bitcoin. While Bitcoin was initially designed as a peer-to-peer electronic cash system, developers are constantly exploring ways to expand its functionalities. The introduction of an application layer on the Bitcoin network opens up a world of opportunities, including decentralized finance (DeFi), smart contracts, and a variety of blockchain-based applications.
By allowing for native, non-custodial interactions, this application layer has the potential to revolutionize scalability and user experience on the Bitcoin network. As users engage with DeFi, smart contracts, and other applications directly on Bitcoin, the asset becomes more versatile and accessible to individuals and businesses alike.
Rooch Network, a layer-2 solution dedicated to enhancing Bitcoin’s capabilities, is leading the charge in this new frontier. During its successful testnet phase, Rooch processed over 130 million transactions and engaged with thousands of unique users. Through innovative features like HODLcoin minting and self-staking mining mechanisms, users were able to earn yields directly from their BTC holdings. The Rooch Clicker Game further showcased the network’s capabilities, demonstrating seamless transaction processing with a single click.
As Rooch unveils its pre-mainnet, the focus is on achieving security, stability, and scalability on the network. Users can expect a seamless transition to the official mainnet, where they can explore a dual-token economy featuring gas token RGas and governance tokens for various functions. Incentivized campaigns and upcoming mainnet airdrops are just a glimpse of the exciting opportunities ahead.
Rooch’s non-custodial approach sets it apart, allowing users to interact with Bitcoin applications directly from their own wallets without relying on third-party custodians. Grow Bitcoin, a platform within the Rooch ecosystem, empowers users to participate in voting for Bitcoin projects and earn rewards based on their BTC holdings. By integrating the Move programming language, Rooch streamlines the development of Bitcoin applications, making it easier for developers to create innovative solutions on the network.
As Rooch paves the way for its official mainnet launch, the community is encouraged to join this transformative journey. Through its innovative approach to Bitcoin applications, Rooch is rewriting the “DeFi on Bitcoin” narrative, offering a promising future for the digital asset ecosystem.
