Bitcoin Layer2 Network New Partnership with B² Network Could Unlock $832 Billion for Bitget Wallet Users
Bitget Wallet, a leading cryptocurrency wallet, has announced support for the B² Network, a leading layer 2 solution, in a move to improve the speed, security and affordability of trading Bitcoin assets from the wallet.
Bitget announced the strategic move through an announcement describing the integration as a frontier for developing Bitcoin applications across decentralized finance, derivatives, non-fungible tokens, and general inscriptions.
As the first protocol to support EVM compatibility on the Bitcoin blockchain, the B² Network unleashes untapped potential in the BTC ecosystem, currently valued at $832 billion. This positions the network as an important gateway for facilitating cross-chain trading and investments among users who prefer portfolio diversification, interoperability, fast transactions, and security.
By integrating Bitget Wallet with the B² Network, users will enjoy a wider range of investment assets and more protocols to choose from when conducting transactions within the Bitcoin ecosystem. Additionally, integration with Layer 2 solutions is a strategic move for Bitget Wallet as it always seeks long-term investment opportunities for its users. The partnership will also give wallet users the opportunity to participate in B² Network’s airdrops, a program the layer 2 solution began testing in early February.
Many have applauded the implementation of the B² Network’s ZK Rollup on the Bitcoin network, an innovative initiative to introduce smart contracts to the Bitcoin ecosystem. One person who applauded the network was Alvin Kan, Bitget’s Chief Operating Officer, while talking about the new integration. According to Kan, introducing the B² network to Bitget Wallet will ultimately allow Bitcoin and Ethereum transactions to execute faster and more securely. He also emphasized the central role of wallets in fostering innovation in the blockchain space, saying: , supports and collaborates with the Bitcoin protocol and layer 2 networks to provide users with new assets and opportunities.”
Recently, Bitget announced more than 20 partnerships with layer 2 networks and protocols in the Bitcoin ecosystem, demonstrating its resilience and commitment to its users. Additionally, the wallet has established itself as an innovative player in this space by pioneering new swap transactions, new implementations of the ARC20 format, and OTC solutions. In addition, Bitget Wallet has updated its launchpad, which now supports new projects on the Lightning Network, BRC-20 assets, and innovative layer 2 networks. By expanding the scope of Launchpad’s initial offering of solutions, the wallet’s mission is to facilitate portfolio diversification and diverse networks for conducting DEFI transactions through Bitget Exchange’s custodial wallets.