MVC unveils testnet version of game-changing Bitcoin sidechain asset bridge

The Bitcoin ecosystem has recently been in the spotlight, with the emergence of innovative solutions such as the BRC20 concept and the continuous evolution of applications that captivate the market's interest. This resurgence evokes memories of the DeFi summer of 2020 on the Ethereum network, where decentralized applications thrived alongside a surge in token prices, setting the stage for high expectations for the Bitcoin ecosystem.

By bridging assets to the MVC network, users can leverage the numerous advantages offered by the network's features, effectively overcoming many limitations associated with transactions on the native Bitcoin network. The MVC solution offers significant cost savings, as cross-chain transaction fees to MVC are reported to be one five-hundred-thousandth of the peak rates on the Bitcoin network.

In its Swap and liquidity pool solutions, Orders.Exchange demonstrates strong technical capabilities and a commitment to decentralization and asset security. According to information disclosed by the team, its Swap and liquidity pool frameworks are built on a decentralized architecture. This framework splits users' orders into several parts, each handled by different modules within the framework.

To isolate cold and hot wallets, Orders.Exchange uses a threshold multisignature method to eliminate all potential internal misconduct. For the hot wallet, a 2/3 threshold multisignature is used, meaning three parties hold the multisig private keys, and any transaction requires signatures from at least two of them to proceed. The cold wallet employs a 3/5 threshold multisignature, underscoring a heightened emphasis on asset security.

Source: Digital Coin News (digitalcoinnews.net)

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