Through the Citrea test network, Bitcoin is beginning to move towards its original goal: to achieve a self-sovereign financial system.
Author: Citrea
Translation: Deep Tide TechFlow
Today, Citrea announced the launch of the Citrea test network on Bitcoin Testnet4. This marks a significant advancement for Bitcoin as a settlement layer, laying the foundation for a global decentralized, self-sovereign financial ecosystem. Bitcoin has taken another step towards becoming the next global financial cornerstone.
The Citrea test network opens a new era for developers and users, in which the functionality of using Bitcoin does not require sacrificing their self-sovereignty. The Citrea test network is currently the only available Rollup solution, allowing EVM developers to create decentralized applications that not only inherit the security of Bitcoin, but also use BTC in a minimally trusted manner.
What does the Citrea test network include?
The Citrea test network includes an almost complete version of Clementine, which is Citrea's trust-minimized bridging design based on BitVM, and tests key bridging infrastructure such as detecting malicious operators, coordinating pre-signing, and operator-based withdrawals. The final task is to implement fraud proofs using BitVM, which is currently in progress, and the team continues to contribute to the open-source BitVM repository.
Building an economic system on Bitcoin
Through the Citrea test network, Bitcoin can finally move towards its original goal: achieving self-sovereign finance. The Citrea test network provides a platform for developers to build powerful applications, bringing financial inclusion and freedom to new and existing Bitcoin users. By using Bitcoin for settlement and data storage, Citrea enhances the utility of BTC and activates Bitcoin's block space for a new financial ecosystem.
Key features of Citrea:
Fully compatible with EVM: Citrea's execution environment supports all EVM tools and languages, allowing developers to easily deploy smart contracts on a Bitcoin-secure platform.
Bitcoin settlement: With the comprehensive implementation of Citrea's trust-minimized BitVM bridge Clementine, developers can utilize BTC processed in a trust-minimized manner in their applications.
Access to Bitcoin block space: Citrea opens up highly secure block space for developers, enabling them to build applications and create an economic system secured by Bitcoin.
Developers interested in developing on Citrea can directly contact the team through Citrea's developer form.
Citrea plans to launch its mainnet in the first quarter of 2025.
About Citrea
Citrea is the first new financial ecosystem to enhance the utility of BTC and activate Bitcoin's block space through Rollup technology. Citrea's vision is to build scalable infrastructure to propel Bitcoin to the next stage as the cornerstone of global finance. To achieve this goal, Citrea needs to expand Bitcoin's block space to increase its transaction capacity and expressive power while maintaining its consensus rules unchanged.
If you are interested in developing on Citrea, please fill out the Citrea developer form: https://citrea.typeform.com/incubation
For more information, please visit: https://citrea.xyz/
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