The last few years saw a surge in the number of Ethereum layer 2 and side chain solutions, aiming to address different drawbacks of the Ethereum chain such as speed, scalability, security, and cost. Many of those side chains have managed to improve certain aspects but not (or sometimes at the expense of) others, and many have not stood the test of time - with lessened long-term sustainability and adoption. This adds to the ongoing scarcity of reliable, robust, and scalable EVM compatible solutions. On top of all, most of these solutions launched through private sales, large-raise presales, or VC (Venture Capital) backings, and therefore may have started out at fairly high market capitalizations – which alienates a significant portion of the average retail investor demographic (with average capital in the market) since such high starting valuations are typically perceived as not likely to lead to a worthwhile ROI.
To provide a holistic and more comprehensive approach to the latest in EVM compatible solutions, Bitrock stepped in as a novel and innovative Ethereum side chain. Having stealth launched in July 2023 with no presale, private sale, or VC backing, not only is Bitrock functionally superior to many other side chains on the market, but it also presents itself as a highly viable and currently undervalued investment opportunity with high ROI potential when compared with the valuations its more seasoned peers have achieved over the years.
After rigorous Testnet testing, Bitrock launched with a live Testnet, and released the Mainnet just 3 days later, boasting a highly impressive 1 second block time, near-zero gas fees (~0.000001 GWEI), and 12,000 max TPS - redefining native chain transaction speed and cost norms. Users are able to bridge their ERC-20 BROCK to native BROCK via the Bitrock chain bridge developed in partnership with Sphynx labs. In addition, the team is working to soon release an innovative BROCK multichain DEX (swap), where cryptocurrencies can be traded directly on their native chains without the need to use DEX's native to those chains, hold native chain tokens, or pay gas fees in those native tokens. All of the former can be handled through Bitrock's native multichain DEX, and all gas is equalized from other chains and paid in BROCK. Additional Bitrock utilities (chain related, DEX related, and otherwise) are under continuous development and will be rolled out in due time.
With plenty of prep work done ahead of launch, and a solid track record since launch by a highly competent, motivated, and dedicated team, Bitrock plans to test the limits of what an Ethereum side chain solutions can attain in cost-effectiveness, security, scalability, and speed.