Partner Updates

Bitfinity’s Blockchain Bash: First Edition of Many!

Explore Bitfinity's first four strategic partnerships to enhance interoperability, security, and scalability across blockchains. Learn how these collaborations leverage Bitfinity's EVM compatibility to bring advanced smart contract capabilities to Bitcoin.

Bitfinity is excited to announce strategic partnerships with four innovative blockchain projects - Bitgert, Omnity Network, Pell Network, and OrangeLayer. These collaborations aim to leverage Bitfinity's EVM compatibility and bridging capabilities to enhance interoperability, security, and scalability across blockchains.

Let's take a look at what these projects bring to the table and how we can benefit from working with them.

Bitfinity and Bitgert 🤝

The first partnership of strategic proportions is with Bitgert, which not only offers a decentralized exchange, staking possibilities, and an NFT platform but much more. Bitgert aligns with our goals, which are leveraging our own EVM compatibility and bridging to Bitcoin for dApp access.

What is Bitgert?

Bitgert is a crypto exchange platform that offers a range of services including spot trading, crypto purchasing, and a launchpad for initial exchange offerings (IEO). The Bitgert Chain is touted as the first zero gas fee blockchain, offering a transaction speed of 100,000 transactions per second aiming to solve the blockchain trilemma of decentralization, security, and scalability.

Brise Chain relies on a system of Clique PoA (Proof Of Authority) consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. By building on Cosmos, Brise Chain leverages its established staking and governance features.

Besides their Bitgert Chain, they have an extensive product lineup which includes:

Bitgert Exchange: A centralized crypto exchange offering zero-fee trading experiences.
LocalBitgert: P2P Crypto Exchange
PayBrise: BRISE Payment Gateway
GEO Web3 Real Estate Marketplace

This first collaboration strengthens both Web3 ecosystems, and lets Bitfinity explore further ecosystem collaborations and marketing partnerships that could enhance blockchain interoperability and scalability even more.

For more information, visit the Bitgert website and follow their X media platform listed below:

Bitfinity and Omnity 🤝

Omnity Network | The Asset Hub of the Bitcoin Ecosystem

The Asset Hub of the Bitcoin Ecosystem

Second in line is the new partnership with Omnity that helps to further grow the Bitfinity ecosystem. As we can leverage Omnity's omnichain interoperability and decentralized approach, which is aligned with our similar goals, we can reach our goal of connecting multiple chains.

What is Omnity?

Omnity is an innovative omnichain interoperability protocol (TVL: $706,833) developed by Octopus Network that uses, just like us, the unique capabilities of the Internet Computer - ICP, including Chain Key technology and HTTPS Outcalls, to provide a secure, cost-effective, and efficient interoperability service offering a 100% trustless system for cross-chain interactions.

This protocol allows assets and data to move between different blockchain networks without the typical constraints found in existing systems. As the first of its kind, Omnity aims to provide an optimal user experience by addressing common challenges such as security vulnerabilities, high costs, latency issues, and liquidity fragmentation.

Recap Chain Fusion Technology

Omnity is integral to the Chain Fusion ecosystem, acting as a bridge between major Bitcoin Layer2s and other blockchains. Louis Liu, the Founder & CEO of Omnity Network, presented at the Chain Fusion event in Bitcoin Nashville, highlighting the crucial role Omnity plays in this innovative landscape.

Omnity AI

Launched on July 26, 2024, during the Chain Fusion Day in Bitcoin Nashville, Omnity AI is designed to facilitate the distribution of crypto tokens across various social media platforms efficiently and innovatively.

With their first application of Omnity AI, xAgent, they use advanced natural language processing to manage and distribute grants, in a way that enhances the interaction between blockchain assets and social media activities.

By leveraging Omnity's multifaceted approach and similar use of Chain Fusion technology, we found ourselves aligned in our quest to enhance the interoperability and scalability of Bitcoin in a similar way. This collaboration strengthens the Web3 ecosystem on our shared path.

For more information, visit the Omnity Network website and follow their social media platforms listed below:

Bitfinity and Pell Network🤝

As the third partnership, we welcome Pell Network, which is joining forces to enhance Bitcoin's security, reduce development costs, and optimize yields.

By integrating with Bitfinity's EVM-compatible Layer-2 solution, Pell Network will benefit from advanced cross-chain capabilities, increased scalability, and a more secure, efficient platform.

What is Pell Network?

Pell Network is the first decentralized network that allows you to scale your BTC yield through secure restaking. It is designed as a multi-layered restaking network that offers an excellent user experience, clear role division, and a closed-loop business logic chain.

Pell Network aims to create a decentralized token economy security leasing platform for the Bitcoin ecosystem. It aggregates native BTC Stake and LSD Restake services, allowing stakers to validate new software modules built upon the Pell Network ecosystem. Stakers can opt-in by granting Pell Network smart contracts the ability to impose additional reduction conditions on their staked assets, thereby expanding cryptographic economic security.

As of now, a total of $201,087,383 in tokens has been restaked by 420,806 cumulative stakers, showcasing the network's widespread adoption and trust within the community.

How Can You Start Restaking on Pell Network?

To begin restaking your cryptocurrencies on Pell Network, you must first connect your wallet. This will allow you to access and manage your stake pools directly through the dashboard.

Which Networks Are Supported by Pell Network?

Pell Network supports multiple blockchain networks, including BNB Smart Chain and B2 Network. Users can restake tokens like BTCB and uBTC/cBTC on these networks to receive daily staking rewards and earn Pell Points.

BNB Smart Chain: Has $442,728 staked.
B² Network: Has $31,798,274 staked.

Pell now extends its support to multiple blockchain networks beyond EVM and non-EVM platforms.

For more information, visit the Pell Network website and follow their social media platforms listed below:

Bitfinity and Orangelayer 🤝

What Is OrangeLayer?

OrangeLayer is a staking platform designed to enable the staking of various Bitcoin representations, including Native BTC, Wrapped BTC (wBTC), StacksBTC, Nomic BTC, and Interlay BTC and perhaps CkBTC in the future.

OrangeLayer is analogous to EigenLayer but specifically designed for Bitcoin. It is a staking infrastructure platform that brings the immense economic security of Bitcoin, a trillion-dollar market, to Ethereum. This integration is accomplished through a network of stakers, validators, and developers, all contributing to what are known as Bitcoin Protected Services (BPS).

Earning Orange Points

Orange Points can be earned on Orangelayer and serve as a dynamic and equitable staking rewards system within the OrangeLayer Protocol. The system is engineered to generously reward early stakers while ensuring that long-term contributors are also recognized and compensated appropriately.

OrangeLayer unlocks significant opportunities in the blockchain space by using Bitcoin for staking. Developers gain access to a deep liquidity reserve, which can be used to power a suite of tools and services. This advancement allows developers to customize their services with improved security and operational features, heralding a new era of blockchain innovation that is secure, decentralized, and interconnected.

For more information, visit the Orange Layer website and follow their social media platforms listed below:

Conclusion

Bitfinity's collaborative ventures with Bitgert, Omnity Network, Pell Network, and OrangeLayer signify a transformative leap towards a more interconnected, secure, and scalable blockchain ecosystem.

These first four partnerships not only enhance Bitfinity’s capabilities but also enrich the entire blockchain landscape by integrating diverse technological strengths.

Bitgert brings a revolutionary zero gas fee blockchain that enhances transaction efficiency, aligning seamlessly with Bitfinity’s EVM capabilities to extend decentralized application (dApp) accessibility.
Omnity Network introduces omnichain interoperability, enhancing Bitfinity’s ability to link multiple blockchain networks, thus broadening the scope of cross-chain interactions.
Pell Network integrates with Bitfinity’s Layer-2 solutions to fortify Bitcoin’s security framework, optimizing development costs and yielding benefits for stakeholders.
OrangeLayer leverages Bitcoin’s economic security to bolster Ethereum’s infrastructure, providing a secure environment for validated services and fostering yield generation for Bitcoin holders.

Additionally, the development of the Bitfinity EVM promises to revolutionize the DeFi space by enhancing multi-chain interoperability (on Bitcoin) and enabling a more efficient transaction system across networks. This development is anticipated to provide substantial improvements in speed and usability for the IC blockchain, making it a preferred platform for DeFi applications.

These strategic alliances position Bitfinity at the forefront of blockchain innovation, driving forward the vision of a fully integrated, highly functional, and user-centric blockchain ecosystem. For more detailed insights into these partnerships and the evolving capabilities of the Bitfinity platform, interested readers are encouraged to visit the respective websites and follow the developments on social media and Bitfinity’s blog.

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Bitfinity’s Blockchain Bash: First Edition of Many!