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Elastos Unveils BeL2 SDKs for Partners to Develop Native Bitcoin Apps and StarBTC Demo DeFi App to Extract Value from Dormant Bitcoin

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Singapore – 26/07/2024 – (SeaPRwire) – Elastos, the SmartWeb ecosystem provider, today announced innovations that enable native Bitcoin staking on the Bitcoin network. Partners can use the Elastos BeL2 Software Development Kit (SDK) to build Native Bitcoin decentralized apps (dApps) to encourage staking of the estimated more than 1 Trillion dormant Bitcoins. The BeL2 SDK will be demonstrated at Bitcoin Nashville 2024 alongside the StarBTC demo loan app, showcasing BeL2’s native Bitcoin DeFi solutions as a decentralized clearing network service.

Elastos BeL2 – Native Bitcoin Staking Becomes a Reality with a New Revenue Model for Arbiters. StarBTC first prototype for arbiter nodes and smart contracts enable collateralization of up to 80% of Bitcoin assets. Elastos BeL2 offers significant premiums for node owners staking Bitcoin (BTC) on the Bitcoin Network on top of existing APR rewards

With BeL2, users can stake Bitcoin directly on the Bitcoin network. This allows for the transmission of transaction proofs, rather than assets, across chains, enabling users to enter Layer 2 environments and utilize BTC in various DeFi applications. The StarBTC demo app shows how staked BTC can be used as collateral for stablecoin loans, maintaining Bitcoin on its main network and leveraging BeL2’s ZKP technology and decentralized arbitration for secure transactions.

The BeL2 Protocol enables direct collateralization of Bitcoin without bridging or wrapping, preserving Bitcoin’s security and integrity while avoiding network congestion and fees. The StarBTC demo app shows how arbiter nodes facilitate communication between the Bitcoin and Ethereum Virtual Machine (EVM) chains to verify transaction proofs using BeL2’s Zero-Knowledge-Proof (ZKP) process to ensure all conditions are met for collateral release.

“The combination of our innovations around arbiter nodes and the BeL2 SDK will enable developers and node holders to earn significant premiums from staking Bitcoin,” said Jonathan Hargreaves, Global Head of Business Development & ESG, Elastos. “We estimate the Native Bitcoin DeFi market could grow by over $1 Trillion, with potential in industries from creative arts to retail.”

Elastos’ BeL2 lets users run zkBTC full nodes on mobile phones, creating a decentralized Bitcoin DeFi network. These nodes ensure security by allowing users to verify transactions themselves. Upgraded zkBTC nodes can become arbiters, earning fees for helping others manage loans and time-based transactions. This system supports Bitcoin staking and rewards nodes with upcoming BeL2 assets and BTC fees. To prevent collusion, anyone can challenge arbitrators by submitting proof of misconduct for punishment and compensation. Arbiter nodes are backed by BTC and Elastos SmartWeb’s ELA coin, which is secured by up to 50% of Bitcoin miners’ hashpower, including BTC.com, Antpool, F2Pool, ViaBTC, and BinancePool.

This model enhances the Bitcoin network by increasing the number of full nodes, essential for maintaining decentralization and security. Incentivizing node participation strengthens the network’s robustness and resilience. Full nodes validate transactions and blocks, contributing to the blockchain’s overall health. Increased participation fosters a secure and trustworthy environment for Bitcoin transactions, crucial for decentralized finance adoption.

The BeL2 SDK simplifies development, enhances security, and offers innovation opportunities by abstracting complex blockchain interactions and ZKP operations. This allows developers to integrate Bitcoin functionality with minimal effort. Additionally, Elastos provides a ZKP Explorer for verifying zero-knowledge proofs, enhancing transparency and trust within the BeL2 ecosystem.

“Our vision is to establish a new global financial system anchored by Bitcoin and enhance its role as a global hard currency,” said Sasha Mitchell, Head of Bitcoin Layer 2 (BeL2), Elastos. “The launch of the BeL2 Protocol, the StarBTC demo app, and the BeL2 SDK is inspiring our partners to explore DeFi opportunities. We are excited to work with Layer 2s like BEVM and B² Network to demonstrate how Native Bitcoin DeFi can open up new economic opportunities.”

The BeL2 SDK is a critical element of the Elastos strategy to build a vibrant ecosystem using the BeL2 Protocol. Partners are developing key technologies, integrations, and dApps, including BEVM‘s peer-to-peer Bitcoin-denominated loan offering and B² Network‘s Layer 2 EVM execution environment. Conflux, the only regulatory-compliant, public, and permissionless Blockchain in China, is integrating with BeL2 to facilitate Bitcoin-denominated transactions and exchanges. Tuna Chain is a Layer 2 solution ensuring interoperability between ecosystems, leveraging Elastos’ Bitcoin Oracle for real-time data on Bitcoin-assured activity. EastBlue, a Bitcoin super app, and Spending Power, a Web3 e-commerce platform, are also creating integrations with BeL2. This will connect EastBlue users to Elastos’ full portfolio of dApps and enable developers to create Native Bitcoin apps compatible with Spending Power’s offering.

For more information about the BeL2 SDK, please go to: https://www.npmjs.com/package/@bel2labs/sdk

For more information about Star BTC, please go to: https://lending.bel2.org/

About Elastos

Elastos is a public blockchain project that integrates blockchain technology with a suite of reimagined platform components to produce a modern Internet infrastructure that provides intrinsic protection for privacy and digital asset ownership. The mission is to build accessible, open-source services for the world, so developers can build an internet where individuals own and control their data.

The Elastos SmartWeb platform enables organizations to recalibrate how the Internet works for them to better control their own data.

Social Links

LinkedIn: https://www.linkedin.com/company/elastosinfo/

X: https://twitter.com/ElastosInfo

Facebook: https://www.facebook.com/elastosorg/

Discord: https://discord.com/invite/elastos

YouTube: https://www.youtube.com/channel/UCy5AjgpQIQq3bv8oy_L5WTQ

Media Contact

Brand: Elastos

Contact: Roger Darashah

Email: support@elastos.info

Website: https://elastos.info/

SOURCE: Elastos

 

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

Sectors: Top Story, Corporate News

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

ONIX Exchange Focuses on Building a Safe and Efficient Digital Asset Ecosystem

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ONIX Exchange further solidifies its position as an industry leader through its unique development model and user-centric philosophy, completely disrupting the traditional paradigm of cryptocurrency trading. Unlike many exchanges that rely on large-scale external promotions and celebrity endorsements, ONIX is committed to building an ecosystem with a stronger sense of community belonging by fairly distributing transaction fees and returning them to users.

Each transaction fee on the ONIX platform is not only allocated back to new members fairly but also used to cover various tax obligations, ensuring that every transaction on the platform complies fully with tax regulations. This innovative approach not only protects users’ financial security but also eliminates potential risks arising from untaxed profits. By assuming the tax responsibilities for transactions, ONIX enables users to focus on their trading activities without worrying about potential tax issues in the future. This commitment to financial security underscores ONIX’s deep dedication to users’ long-term interests.

Choosing ONIX means joining a fair and transparent distribution system and enjoying peace of mind from tax exemption. ONIX adopts a different strategy by channeling resources into genuinely enhancing user experience and security rather than chasing gimmicks and market visibility. This substance-focused value is a core principle of ONIX and a key differentiator from other exchanges

Security is the pillar of ONIX Exchange’s mission. Recognizing the critical importance of trust in the digital asset space, the platform has implemented state-of-the-art security measures to protect user funds and data. Multi-layered encryption, advanced fraud detection systems, and constant monitoring ensure that users can trade with peace of mind. Moreover, by adhering to rigorous regulatory standards, ONIX Exchange reinforces its commitment to transparency and compliance, further enhancing its reputation as a trusted trading platform.

At the core of ONIX Exchange’s security infrastructure is its adoption of cutting-edge blockchain technology. By leveraging the decentralized and transparent nature of blockchain, ONIX ensures that all transactions are immutable and fully traceable, reducing the risk of tampering or fraudulent activity. This foundational layer of blockchain security is enhanced by ONIX’s implementation of advanced encryption protocols, which protect user data and funds from unauthorized access.

To further safeguard its users, ONIX Exchange employs multi-signature wallets for fund storage, ensuring that no single entity has unilateral access to user assets. This practice significantly minimizes the risk of asset theft, as multiple approvals are required for any transaction involving stored funds. Additionally, the platform integrates cold storage solutions, keeping the majority of assets offline and away from potential online vulnerabilities. These measures collectively form a robust framework that prioritizes user safety above all else.

ONIX Exchange also implements real-time monitoring systems that actively track all activities on the platform to detect and prevent potential threats. Using artificial intelligence and machine learning algorithms, the platform identifies unusual patterns and flags suspicious transactions, enabling immediate intervention before any damage can occur. This proactive approach demonstrates ONIX’s commitment to staying ahead of emerging security challenges and protecting its users from evolving cyber threats.

Compliance with global regulatory standards is another cornerstone of ONIX Exchange’s security strategy. By adhering to Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols, the platform ensures that only verified and legitimate participants can access its services. This not only reduces the risk of fraud but also fosters a transparent and trustworthy trading environment. ONIX actively collaborates with international regulatory bodies to maintain the highest compliance standards, further strengthening its reputation as a secure and reliable exchange.

To enhance user confidence, ONIX Exchange offers comprehensive insurance coverage for digital assets stored on its platform. This guarantees that users are protected against unforeseen events, providing an additional layer of reassurance. By taking this step, ONIX demonstrates its dedication to mitigating risks and offering peace of mind to its growing user base.

In addition to platform security, ONIX Exchange emphasizes educating its users about best practices for safeguarding their accounts. The platform provides detailed guides and resources on securing personal wallets, recognizing phishing attempts, and maintaining strong authentication measures. By empowering its community with knowledge, ONIX ensures that users can actively contribute to their own security, creating a safer overall ecosystem.

The platform’s security-first approach does not compromise its efficiency. ONIX Exchange combines these robust safeguards with a streamlined trading experience, ensuring that security measures do not hinder transaction speed or user accessibility. Its advanced infrastructure allows for real-time trading and rapid execution while maintaining the highest level of protection, setting a benchmark for the industry.

As ONIX Exchange continues to expand its digital asset ecosystem, its focus on security remains paramount. The platform’s innovative technologies, regulatory compliance, and user-centric strategies are not only addressing current challenges but also shaping the future of secure digital asset trading.

ONIX’s commitment to regulatory compliance further enhances its position as a trustworthy global platform. By adhering to international standards and collaborating with regulatory bodies, ONIX ensures a secure and compliant trading environment. This proactive approach not only builds trust among users but also sets an example for how crypto platforms can operate responsibly on a global scale.

As ONIX Exchange continues to expand its global footprint, its focus on innovation, security, and user satisfaction ensures that it remains a formidable competitor to traditional exchanges. By addressing the limitations of legacy systems and leveraging the unique capabilities of blockchain technology, ONIX is not only creating an outstanding crypto trading platform but also shaping the future of digital finance.

Contact name: Jason Scott 

Company name: Onix Exchange 

Website : https://on-ix.tr/

Country: USA

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Press Release

“2025 Rising Miners Cloud : Rickys Booster Delivers Professional-Grade Services for Miners in 2025”

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2025 new year, top tier group mining system Rickys Booster is launched with world top +300 wallets such as Binance, Bybit, Okx, Bitget, Metamask, Trustwallet and etc. In the Binance Square, Rickys got featured before launching already and currently doing the revolutionizing cryptocurrency mining for mining farms, proposing new and large-scale mining farms that target efficiency and profitability of miners. This modern infrastructure conveys progressive features of mining utilities, combined with sustainable solutions that provide a holistic experience.

BTC profitability is going high like 180% recent years, early stage miners already took a lot. As a scalable mining offering with strong performance and reliability, Rickys Booster mining farms will meet any level of miner’s needs. In 2025 cloud farms are employing the most advanced mining technologies, which provide unprecedented hashrate power together with the wise usage of resources. This combination makes it possible for miners to actually accomplish their goals without necessarily sacrificing cost or sustainability.

That is why Rickys Booster, as a leader of the cryptocurrency mining industry, will help miners to obtain reliable and innovative solutions. Our mining farms are designed to be a force multiplier in the digital currency landscape to ensure that those who invest in mining have a powerful and sustainable platform to thrive on.

Mining Farm Highlights:

High-Performance Group mining Infrastructure:High-end technologies to deliver exceptional mining power with group mining system

Sustainable Energy Usage: This efficiency of energy not only results in low cost but also reduces the bothering impacts of energy.

Scalability: That’s why the equipment developed here is suitable for both small-scale miners and large enterprises.

Secure Cloud Access: Constant supervision and control by the use of a web base control panel that provides status updates of the machine.

Global Support: Global customer service and operation assistance in any language preferred by the miners.

The mining farms by Rickys Booster are fit for miners and investors who are interested in secure, efficient and easy to expand Ministry Solutions. To know more about the future of cryptocurrency mining visit www.rickysbooster.com.

Contact Name : Ricky Seo 

Position : Founder 

Name : Ricky Seo

Company : Rickys Booster 

Website : Rickysbooster.com 

Email : info@rickysbooster.com 

City: Sharjah Address: 72367, Al Messaned,Al Mitsannid,Sharjah, UAE

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Press Release

Bee Short Leading the Global Wave of Short Drama Entertainment and Wealth Creation

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China, 7th Jan 2025 – In today’s fast-paced world, short videos have become an essential part of our entertainment lives. Short dramas, with their concise plots, tightly woven narratives, and immense appeal, are quietly rising to prominence. As a pioneer in the short drama industry, Bee Short not only redefines the viewing experience but also paves a new path to wealth creation.

The Rise of Short Dramas: Leading a New Entertainment Trend
Short dramas, combining storytelling and entertainment, have become a favorite among global youth. Compared to traditional films and TV shows, short dramas offer immediacy and interactivity. In just 3 to 5 minutes, a complete story unfolds, covering genres like romance, suspense, workplace drama, and time travel, meeting the fragmented entertainment needs of modern audiences.
With its extensive library of high-quality content, precise user-matching technology, and multilingual support, Bee Short has quickly won the hearts of users in markets such as Southeast Asia and Japan, becoming a standout platform in the global short drama space.
Bee Short’s Innovative Model
Bee Short is not just a simple viewing platform. Its uniqueness lies in its “Short Drama + Traffic Investment” model, transforming the viewing experience into an opportunity for wealth creation.

Dual Income Streams
Bee Short offers users two primary ways to earn:
1. Sharing Rewards
By running social groups and inviting friends to join Bee Short memberships, users can earn up to 50% in direct referral rewards for every payment made by their referrals. Additionally, secondary referrals provide an extra 10% reward, enabling effortless social-based income.
2. Traffic Investment Rewards
Similar to the short video ads seen on Facebook or TikTok, short drama traffic investment involves promoting dramas to attract more viewers to subscribe to membership services. Users can earn up to 80% of the revenue generated by these transactions.
This low-barrier, high-reward model turns viewing into not only a source of entertainment but also a viable side hustle.
Key Advantages of Bee Short
Bee Short’s rapid global rise is fueled not just by its strong technological foundation but also by its unique platform design and user experience advantages:
1. Multilingual Support
Bee Short spans Southeast Asia, Japan, Korea, Europe, and beyond, offering multilingual support to help users break geographical boundaries and achieve global promotions.
2. Intelligent Traffic Investment System
Using big data analytics and artificial intelligence, Bee Short accurately matches audience preferences, enabling agents to maximize their traffic investment results.
3. Comprehensive Training Support
From traffic investment techniques and social group management to the use of short drama materials, Bee Short provides professional training tutorials and one-stop services, ensuring that every user can get started with ease.
4. Sustainable Income Model
Through its dual-income streams and agent referral mechanism, Bee Short offers users multi-layered income opportunities, from individual traffic investment to team management, creating true “sustainable wealth.”
Short Drama Traffic Investment: The Unmissable New Trend
Short dramas are an emerging force in the short video industry with untapped market potential. According to data projections, the global short drama market is set to exceed $100 billion in the next three years. With cutting-edge technology, abundant resources, and an innovative business model, Bee Short is leading users to seize this golden opportunity.

Join Bee Short: Embrace a New Platform for Entertainment and Wealth
Every emerging trend is a gift for those who are ready to act. Bee Short is providing a platform that combines entertainment and income generation. Register now to become a Bee Short agent and kickstart your journey to financial freedom.
Click here to learn more:    https://h5.beeshort.net 

Media Contact

Organization: Bee Skits LTD

Contact Person: Cheng Hao

Website: https://beeshort.net

Email: Send Email

City: Hong Kong

Country: China

Release Id: 07012522300

Disclaimer: The information provided in this content is for informational purposes only and does not constitute financial, investment, or business advice. Participation in referral programs and traffic investment involves inherent risks, and results may differ based on individual effort and market conditions. Potential users are encouraged to research and seek professional guidance before engaging in investment or business activities.

The post Bee Short Leading the Global Wave of Short Drama Entertainment and Wealth Creation appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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