On January 13th, COINOTAG reported the pivotal launch of the Bitroot Bitcoin Chain Asset Issuance Protocol mainnet test, scheduled for 21:00 (UTC+8). This initiative, spearheaded by CEO Juan J alongside a prominent BCH ecosystem developer, aims to reshape the Bitcoin financial landscape. Introduced in October 2023, the Bitroot protocol endeavors to enhance Bitcoin liquidity by facilitating asset issuance on the Bitcoin blockchain, integrating Lightning Network payments, and exploring Cedefi opportunities.
The advent of Bitroot signifies a transformative phase within the cryptocurrency sector, as it strives to unlock extensive applications for Bitcoin. By leveraging an open protocol and a decentralized framework, Bitroot aspires to offer Bitcoin holders an array of innovative financial instruments and services. This initiative is set to broaden the practical utilization of Bitcoin, promising to influence its adoption across various platforms significantly, thereby enhancing its value proposition.