OP_NET Testnet Launches to Bring DeFi to Bitcoin

Aug 7, 2024, 04:16 AM

A new development in the Bitcoin ecosystem is set to transform the decentralized finance (DeFi) landscape with the launch of OP_NET's testnet. OP_NET, a Layer 1 Bitcoin Metaprotocol, aims to bring smart contracts and decentralized applications (dApps) to Bitcoin, leveraging the Taproot upgrade to enhance the network's capabilities. This initiative represents a significant step in integrating DeFi solutions with Bitcoin, the world's most secure blockchain. The testnet launch is expected to create a permissionless system, opening new possibilities for Bitcoin forks and expanding the utility of Bitcoin beyond its traditional use as a digital currency.