Posted 12/19/2023, 1:00:00 PM
Elastos Launches Bitcoin Layer-2 Network Offering Smart Contracts and Staking Yields
- Elastos introducing BeL2, a Bitcoin layer-2 network, to capture BTC staking demand
- BeL2 allows more advanced BTC transactions like smart contracts and digital agreements
- Users can stake BTC holdings directly on BeL2 and earn yields
- Fees expected to be very low or even eliminated compared to high BTC chain fees
- Bitcoin layer-2 projects have seen growth in 2022 as they enable expanded capabilities