Elastos integrates Bitcoin’s security into decentralized finance (DeFi) solutions through BTCFi, transforming Bitcoin from a passive asset to an actively utilized digital currency.
Using merged mining, Elastos inherits Bitcoin’s strong security, ensuring a robust foundation for decentralized applications. The BeL2 Arbiter Network facilitates trustless BTC transactions in DeFi with zero-knowledge proofs for verification.
Elastos competes with established Bitcoin DeFi solutions, focusing on security and cross-chain interoperability. Despite challenges like regulatory uncertainties, its combined offerings position it well for growth in the BTCFi sector.
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