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- 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
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1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win. - 📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
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Tari is a Rust-based blockchain protocol centered around digital assets.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Bitcoin Ecological New Era: Layer 2 Projects Leading Decentralized Finance Innovation
New Trends in Bitcoin Ecosystem Development: Analysis of Layer 2 Project Potential
Recently, the popularity of the inscription project has driven the prosperity of the entire Bitcoin ecosystem, with related tokens reaching new highs in growth. However, this craze has also sparked thoughts on the sustainable development of the Bitcoin network. Against this backdrop, Bitcoin's Layer 2 solutions have emerged, addressing network congestion issues and opening up new avenues for the development of DeFi applications.
Challenges Facing the Bitcoin Network
The surge in inscription transactions has put tremendous pressure on the Bitcoin network. A large number of small transactions have flooded in, leading to network congestion and soaring transaction fees. According to statistics, in just 7 months, the number of Bitcoin UTXOs has increased from 87 million to 140 million, with over 50 million new UTXOs, 80% of which are very small transactions. These transactions not only occupy a large amount of network resources but may also never be packaged and added to the blockchain.
Advantages of Layer2 Solutions
In the face of these challenges, Layer 2 solutions demonstrate clear advantages:
Overview of Major Layer 2 Projects
Stacks
Stacks, as a second-layer solution for Bitcoin, introduces smart contract functionality similar to Ethereum. It has its own chain, compiler, and programming language, operating in sync with Bitcoin. However, its centralized cross-chain approach and the use of STX as gas fees present some challenges.
RSK
RSK is a general smart contract platform that supports the migration of Ethereum applications to the Bitcoin ecosystem. It employs a merged mining mechanism, which enhances the efficiency of miners' rewards. However, its use of smartBTC for cross-chain transactions still presents certain security risks.
BitVM
BitVM aims to achieve Turing-complete contracts on Bitcoin without modifying the opcodes. It minimizes on-chain activity through an innovative verification mechanism. However, its functionality is still limited and mainly remains in the theoretical phase.
BEVM
BEVM is a Bitcoin Layer 2 solution compatible with EVM, using BTC as gas fees. It adopts a decentralized asset custody mechanism, providing a more secure cross-chain method. The design of BEVM allows Ethereum DApp developers to easily migrate to the Bitcoin ecosystem.
MAP Protocol
MAP Protocol, as a peer-to-peer cross-chain interoperable Bitcoin Layer 2 network, supports interaction between assets of other public chains and the Bitcoin network. It provides cross-chain capabilities for BRC20 tokens and significantly reduces transaction costs.
Future Outlook
The Bitcoin Layer 2 sector is in the early stages of development, containing enormous potential. With the increasing recognition of the importance of Layer 2 solutions within the crypto community, this field is expected to give rise to leading projects worth billions of dollars. For investors, this is a blue ocean market that deserves long-term attention.