Cryptocurrency

Oraichain introduces OraiBTC Subnet for easy integration of Bitcoin into ecosystem.

Oraichain Launches OraiBTC Subnet, Pioneering Bitcoin Integration

New Chapter in Oraichain’s Innovation Journey

New York, NY, March 20th, 2024, Chainwire

Oraichain, a trailblazer in merging artificial intelligence with blockchain technology, unveiled the Beta launch of its groundbreaking OraiBTC Subnet on March 19. This groundbreaking development signifies a significant stride forward, as it introduces seamless BTC integration into the thriving Oraichain ecosystem.

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Making Waves in the Crypto Landscape

For the first time ever, Bitcoin finds a home within the Oraichain network, establishing a decentralized gateway for effortless BTC deposits and withdrawals. The Subnet acts as a conduit for smooth Bitcoin transitions, empowering users to effortlessly swap BTC for ORAI tokens and bridge assets between the Oraichain and Bitcoin networks seamlessly in both directions.

Empowering Developers and Users Alike

The user-friendly design of the Subnet ensures a seamless experience, with accessible functionalities through the OraiDEX website and OWallet browser. This integration not only aids developers in crafting faster, more robust dApps but also expands opportunities for innovators in the AI realm, especially for holders of the esteemed cryptocurrency.

A Glimpse into the Future

The Beta launch of OraiBTC opens avenues for user engagement to refine the platform’s features ahead of its full public release. As a token of gratitude, participants may even receive a delightful surprise, adding an element of anticipation to the unveiling.

Pioneering Technology for a Brighter Tomorrow

OraiBTC leverages cutting-edge Bitcoin features like Taproot and Schnorr signatures atop a dedicated validator set, ensuring the utmost security and asset integrity. This move aligns with Oraichain’s overarching vision of being the go-to platform for AI-powered dApps.

Driving Innovation and Collaboration

Oraichain’s recent Mainnet 3.0 upgrade introduces enhancements in speed and interoperability, with a reduced block time of approximately 1 second, positioning it as one of the fastest networks in the Cosmos ecosystem and beyond.

Building a Sustainable Ecosystem

The team at Oraichain is laser-focused on ecosystem expansion, including pioneering GPU Staking. This novel approach ensures that value generated from growing AI demands benefits ORAI token holders directly, fostering a symbiotic relationship.

About Oraichain

Oraichain stands as a permissionless Layer 1 platform for AI-driven dApps, aimed at offering Trustworthy Proofs of AI and data reliability. With its core AI Oracle, Oraichain guarantees a decentralized conduit for AI data delivery to smart contracts, fostering utmost transparency for developers and consumers alike.

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