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The Aptos Foundation has announced that Stacks, the bitcoin layer 2 protocol, will integrate bitcoin into the Aptos ecosystem.
bitcoin layer-2 solution Stacks (STX) is introducing its bitcoin-backed asset, sBTC, to the Aptos network, allowing developers to incorporate sBTC into decentralized applications. According to a press release shared with crypto.news, this move will allow bitcoin (btc) to be used in decentralized applications built on Aptos (APT), which is powered by the Move programming language.
At the heart of this integration is sBTC, a bitcoin-backed token that allows bitcoin to be securely transferred to Layer 2 networks like Stacks. With sBTC, bitcoin can now be used in programmable ways rather than simply held as a store of value.
The integration will allow bitcoin holders to use their assets in a number of new ways, including in gaming, artificial intelligence, social platforms, decentralized finance, and non-fungible token markets.
For Aptos developers and users, this opens up new possibilities for bitcoin functionality within different applications. bitcoin holders will now have more opportunities to use their assets beyond simply holding or trading them, such as participating in decentralized finance or participating in nft marketplaces.
Details of the collaboration
The collaboration between Aptos and Stacks aims to combine the strengths of both platforms. Aptos is known for its scalability as a layer-1 blockchain, making it suitable for high-demand use cases in decentralized finance and payments. Stacks, on the other hand, focuses on improving the utility and security of bitcoin.
Together, these ecosystems plan to bring real-world use cases to the forefront, making bitcoin a more functional asset within Web3.
Mitchell Cuevas, executive director of the Stacks Foundation, noted that this integration reduces the barriers between bitcoin and real-world applications.
“The integration of sBTC into Aptos reduces the barriers between the world’s most adopted digital asset and the Internet-grade real-world applications that Bitcoiners have been eagerly awaiting.”
Mitchell Cuevas, Executive Director of the Stacks Foundation.
