Bitcoin L2 Stacks Launches sBTC on Aptos Network

Bitcoin’s Layer 2 scaling solution, Stacks, brings its flagship product, sBTC, to the Layer 1 Aptos network.

According to an official announcement by the Aptos Foundation, a non-profit organization that develops the Aptos network, the leading cryptocurrency will be able to be used in decentralized applications (dApps) built on the Aptos blockchain.

sBTC enters Aptos

Bitcoin inherently allows the transfer of money solely between peers, limiting its use. However, with the introduction of layer 2 solutions like Stacks, cryptocurrency can be used for other blockchain-centric endeavors. Stacks’ sBTC is a 1:1 programmable asset backed by Bitcoin that enables decentralized use of the major crypto asset.

The latest initiative benefits the Stacks and Aptos ecosystems. For Stacks, the release of sBTC on the L1 blockchain will allow developers to deploy dApps using the Move programming language. On the other hand, Aptos developers and users will be able to take advantage of Bitcoin’s well-known security and established presence on the world’s largest blockchain.

Highlighting how Stacks and Aptos will benefit from the integration, Aptos Foundation Head of Ecosystems and Partnerships Bashar Lazaar said:

The integration of sBTC into Aptos is a critical next step for the Aptos ecosystem and the real-world utility of Bitcoin. This integration instantly makes Bitcoin far more capable than a store of value, enabling its use in complex smart contracts and decentralized applications. We’re not just theorizing about Bitcoin’s potential, we’re putting it into action in a wide range of real-world deployments, powered by Move on Aptos and an unparalleled L1 technology stack.

The integration will also allow Bitcoin holders to increase their asset utility by participating in various efforts open to the Aptos community, including gaming, artificial intelligence (AI), non-fungible tokens (NFTs), and DeFi.

Aptos welcomes more projects

Aptos’ latest move to welcome Stacks into its ecosystem demonstrates its commitment to incorporating blockchain projects that benefit users and developers.

Last month, major stablecoin issuer Tether revealed plans to launch its USDT stablecoin on the L1 blockchain to enable ultra-low gas fees and wider accessibility. Months ago, the dWallet network ported its suite of services to Aptos, allowing users to perform multi-chain Web3 interactions.

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