The highly anticipated beta launch of OraiBTC Subnet will take place on March 19, according to Oraichain, a pioneer in integrating blockchain technology with artificial intelligence.
With this breakthrough, Bitcoin (BTC) will be included in the Oraichain ecosystem for the first time, providing a decentralized bridge for easy deposits and withdrawals of BTC.
Users can instantly exchange the assets for ORAI tokens and bridge BTC both ways between the Oraichain and Bitcoin networks thanks to the subnet, which aims to make it easier to move Bitcoin into and out of the Oraichain network. It will ultimately allow BTC to be transferred via IBC to various protocols within the Cosmos Ecosystem.
Priority has been given to usability and the features previously described are available via the OraiDEX website and the OWallet browser. This integration allows developers to create dApp experiences that are faster and more powerful, especially for users of the most valuable and well-known cryptocurrency in the world.
Before the platform is officially released to the public, users will have the opportunity to actively contribute to the refinement of its features through the launch of OraiBTC Subnet Beta. To further increase the enthusiasm for the launch, attendees could also receive a unique surprise as a thank you for their participation.
Built on the solid foundation of Nomic’s architecture, OraiBTC uses advanced Bitcoin functionalities such as Taproot and Schnorr signatures, in addition to a specialized validator group, ensuring the highest level of security and integrity for asset bridging.
In Oraichain’s goal to become the preferred Layer-1 platform for AI-powered decentralized apps (dApps), the launch marks an important step forward. The platform offers more variety and innovation opportunities, and significantly broadens the addressable market for AI dApp developers by integrating Bitcoin into the Oraichain toolkit.
A critical part of Oraichain’s Mainnet 3.0 upgrade, which has made significant adjustments to improve performance and interoperability, is the introduction of OraiBTC. With the latest block time reduction to approximately one second, Oraichain is now among the fastest networks in the Cosmos ecosystem and beyond.
Right now, the Oraichain team is focusing on expanding its ecosystem, setting up GPU Staking. The Oraichain Foundation sees GPU Staking as an innovative way to ensure that the value created by growing AI service needs directly benefits ORAI token holders, in addition to massive spending on GPUs to support the AI apps that running on the Oraichain mainnet.