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Cryptocurrency News Articles

PlutoChain: The Layer-2 Hybrid Solution Bringing Smart Contracts, DeFi, and NFTs to Bitcoin

Feb 05, 2025 at 09:00 am

As the first hybrid Layer-2 solution for Bitcoin, PlutoChain could enable smart contracts, DeFi, NFTs, and even AI-powered dApps - all running directly on Bitcoin's secure foundation.

PlutoChain: The Layer-2 Hybrid Solution Bringing Smart Contracts, DeFi, and NFTs to Bitcoin

PlutoChain is the first hybrid Layer-2 solution for Bitcoin. It enables smart contracts, DeFi, NFTs, and even AI-powered dApps to run directly on Bitcoin’s secure foundation.

With an average block time of just 2 seconds, PlutoChain offers Ethereum-level functionality without relying on Ethereum, Solana, or Cardano. Its innovative Layer-2 technology far surpasses Bitcoin’s 10-minute block time.

This presents a massive opportunity in Bitcoin’s underdeveloped DeFi sector, where the total value locked is only 0.13% of Bitcoin’s market cap, compared to Ethereum’s 10%.

PlutoChain is also compatible with the Ethereum Virtual Machine (EVM), making it possible to migrate Ethereum-based applications seamlessly. This bridges the best of both worlds: Ethereum’s flexibility and Bitcoin’s unmatched security.

Beyond technology, PlutoChain is designed for the community, with a governance system where users can shape protocol upgrades, ensuring a decentralized, user-driven future.

PlutoChain’s potential is evident in its testnet, which processes over 43,200 transactions daily, demonstrating its real-time capabilities.

Original source:analyticsinsight

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