Overview of Bitrock

Bitrock operates as a Layer-2 solution that is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to deploy decentralized applications (DApps) and smart contracts, using familiar tools to them, such as Metamask and Truffle. As a Layer-2 blockchain, it functions independently from the mainnet while it maintains transactions, offering a scalable and efficient alternative for handling Ethereum-based operations. By offloading some of the network’s workload, it alleviates congestion issues that Ethereum often faces, improving transaction speeds and lowering fees.

This L2 was launched quietly in July 2023 through a stealth launch, intentionally avoiding presales, private sales, or venture capital involvement. This decision was made to prevent early overvaluation of the token, a common issue with projects that raise large sums in presales or private rounds, often creating inflated initial market caps.

Instead, Bitrock’s launch strategy focused on organic market entry, making it more accessible to smaller, retail investors who may be priced out of projects that rely on large initial investments. The project’s approach of having a fully circulating supply with no locked tokens added transparency, reducing concerns about token dumps by early investors.

Bitrock stands out in the Layer-2 blockchain landscape by offering enhanced scalability, speed, and lower transaction costs, when compared to other Layer-2 solutions such as Polygon, Arbitrum, and Optimism. The network processes blocks every second, reaching a transaction throughput of up to 12,000 TPS (transactions per second), significantly surpassing Ethereum’s Layer-1 capacity, which averages only 15 TPS. Even well-established Layer-2 solutions like Polygon offer around 7,000 TPS.

Bitrock’s network uses the IBFT 2.0 Proof of Authority (PoA) consensus mechanism, ensuring lower resource consumption and faster block finality. The gas fees on Bitrock are also notably lower, averaging $0.00001 per transaction, compared to the often fluctuating and high gas costs on Ethereum’s main network during peak congestion periods.

Mission

Bitrock’s mission centers on enhancing transaction efficiency and minimizing costs, two important pain points for Ethereum users. The platform’s design focuses on reducing the transaction processing time and lowering the gas fees required for network interactions. Through its PoA consensus algorithm, Bitrock reduces the computational burden and energy consumption typically associated with transaction validation. This system supports high-speed transactions with nearly zero gas fees, aiming to provide an environment where decentralized applications and financial transactions can scale without prohibitive costs. This makes it appealing for projects in decentralized finance (DeFi), gaming, and other industries that require fast, cost-efficient blockchain solutions.

Highlights

• Bitrock is a Layer-2 Ethereum-compatible sidechain designed to handle decentralized applications with high efficiency.
• The project was launched stealthily in July 2023, with no presale or private sale to avoid early market overvaluation.
• Bitrock processes blocks in one second and supports up to 12,000 transactions per second, outperforming many other Layer-2 solutions.
• The IBFT 2.0 Proof of Authority consensus mechanism underpins the network, providing scalability and low transaction costs.
• The primary mission of Bitrock is to enhance transaction efficiency and minimize gas fees for users and developers.