Bitcoin Layer 2 Stacks introduces sBTC to Aptos Network

The Aptos Foundation has announced that Stacks, the Bitcoin Layer 2 protocol, will integrate Bitcoin into the Aptos ecosystem.

Bitcoin layer-2 solution Stacks (STX) is introducing its Bitcoin-backed asset sBTC to the Aptos network, enabling developers to incorporate sBTC into decentralized applications. According to a press release shared with Crypto.news, the move will allow Bitcoin (BTC) to be used in decentralized applications built on Aptos (APT), powered by the Move programming language.

At the heart of this integration is sBTC, a Bitcoin-backed token that allows Bitcoin to be securely transferred to Layer 2 networks like Stacks. With sBTC, Bitcoin can now be used in programmable ways rather than simply held as a store of value.

This integration will allow Bitcoin holders to use their assets in a variety of new ways, including gaming, artificial intelligence, social platforms, decentralized finance, and non-fungible token marketplaces.

For developers and users on Aptos, this opens up new possibilities for Bitcoin’s functionality in different applications. Bitcoin holders will now have more opportunities to use their assets beyond just holding or trading them, such as engaging in decentralized finance or participating in NFT markets.

Collaboration details

The collaboration between Aptos and Stacks aims to combine the strengths of both platforms. Aptos is known for its scalability as a Layer 1 blockchain, making it suitable for high-demand use cases in decentralized finance and payments. Stacks, on the other hand, focuses on increasing the utility and security of Bitcoin.

Together, these ecosystems plan to make Bitcoin a more functional asset within Web3 by bringing real-world use cases to the forefront.

Mitchell Cuevas, Executive Director of the Stacks Foundation, stated that this integration lowers the barriers between Bitcoin and real-world applications.

“Integrating sBTC into Aptos removes the barriers between the world’s most adopted digital asset and the real-world applications at the internet level that Bitcoin users have been eagerly waiting for.”

Mitchell Cuevas, Executive Director of the Stacks Foundation.