Why Bitrock Is One of Best Scaling Solutions for Ethereum Network

Ethereum is the world’s second-largest cryptocurrency by market cap and one of the world’s most popular crypto assets. However, like a few other blockchains, the Ethereum network is plagued with its fair share of limitations that hamper its growth and adoption. Over the years, this problem has motivated developers and blockchain engineers to create solutions in the form of sidechains or layer-2 (L2) blockchains. Sidechains and L2 blockchains help to extend the capabilities of Layer-1 (L1) blockchains like Ethereum and improve scalability.

There are several L2 networks and sidechains that enhance L1 blockchains. One of the most effective sidechains for the ETH network is the Bitrock blockchain. In July 2023, Bitrock had a stealth launch that, unlike other options, had no private sale or presale. The sidechain is now a contender in the ETH space with the following advantages working in its favor:

• Originality: The Bitrock blockchain is original. Unlike some other options that forked out of running blockchains, the Bitrock team created the network and built it piece by piece. This means that Bitrock can operate as it deems fit and offer unmatched efficiency without any limitations as may be present in forked networks.
• PoA: Instead of using proof-of-work (PoW) or proof-of-stake (PoS), Bitrock uses the proof-of-authority consensus algorithm, which enables authorized entities to validate transactions. Using PoA makes Bitrock faster, cheaper, more secure, and more scalable than other options.
• Cheap Gas Fees and Fast Transactions: Bitrock is effective with scaling the Ethereum blockchain as it boasts a 2-second block time and up to 12,000 transactions per second. In addition, gas fees on Bitrock are meager, costing $0.00001 per transaction.
• Audit: Bitrock has completed a CTDSEC blockchain and contract audit. The team engaged CTDSec to audit its infrastructure and find security flaws in design and implementation. According to CTDSec, Bitrock passed all tests with no issues.
• KYC Verification: Bitrock’s core team has gone through a know-your-customer (KYC) process with Assure DeFi, a high-level service that has worked with the US Attorney’s Office, the FBI, and several other government entities and jurisdictions.
• Simple Tokenomics: Bitrock’s tokenomics feature total supply equal to the token’s circulating supply. There are no locked or vested tokens and no plans for dilution. Consequently, investors, stakeholders, and members of the Bitrock community can rest assured that what they see is what they get.
• Service Expansion: Bitrock will continuously onboard new features to provide better offerings to users. As part of its roadmap, Rockswap, Bitrock’s live official chain DEX, plans to support multiple chains. Upon implementation, users can use Rockswap to trade tokens on native chains like ETH but pay gas in native Bitrock instead. Rockswap has been very successful so far, moving its market cap to $1.6 million from $5,000 in only three minutes. Also, in its first 24 hours, Rockswap’s volume hit $1.8 million.
• Token Builder: Bitrock created an in-house token builder that anyone can use to launch a token using a standard preloaded contract. Bitrock has made this process easy, as interested persons can use this tool without any technical or coding knowledge.
• Attractive Staking: Users can also enjoy impressive returns from staking on Bitrock. On the Ethereum side, stakers get a 30% annual percentage yield (APY), and 60% on its mainnet. More than 40% of the entire token supply is currently staked on both sides combined.
• Integrations: For improved and flexible service offers, Bitrock has completed integrations with several tools and platforms, including Bitmart, Dextools, Dexview, Gechoterminal, Pinksale, Avedex, and Trustwallet. There are also integrations with Sphynx Labs and all of its dApp and ecosystem utilities, with Dexscreener and other wallet integrations launching soon.

The Bitrock sidechain has several existing impressive features and many more in the offing. The L2 network will compete favorably with other L2 ETH options, especially with its impressive security measures, transaction speed, transparency, and its already remarkable list of integrations.