Bitrock: an EVM-compatible, high throughput sidechain
Bitrock is a layer-2 sidechain compatible with Ethereum. It uses a proof-of-authority (PoA) consensus mechanism, and relies on a group of trusted validators for security. The platform focuses on speed, cost-efficiency, and security, executing transactions within seconds and at near-zero costs. Currently, Bitrock can process 12,000 transactions per second (TPS), with a block time of 2 seconds, making it one of the fastest sidechains globally. You might also like: USDT’s market cap drops for the first time in 2023 Since it is compatible with Ethereum, it supports all EVM-compatible smart contracts. Accordingly, developers can migrate and utilize Bitrock’s features without necessarily building. The speed, security, and compatibility with other networks’ development standards makes Bitrock an alternative portal for developers. This can potentially open up new use cases and possibilities in the sphere. The project was launched on July 13 without any private sales, presa...