| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107250.7500000000 |
| ETH | $2428.7740000000 |
| BNB | $649.1322500000 |
| XRP | $2.1827890000 |
| ADA | $0.5610566000 |
| SOL | $149.6205000000 |
| DOGE | $N/A |
| DOT | $3.3838600000 |
| LTC | $86.2774000000 |
| LINK | $13.2916500000 |
Category: CRYPTO NEWS
The post Bitcoin Gains Turing-Complete Smart Contract Capability with Launch of REE and RichSwap DEX appeared on BitcoinEthereumNews.com. On February 8th, COINOTAG News reported the official launch of REE, a Bitcoin programmability extension protocol created by Omnity Network. This initiative heralds a significant advancement, introducing Turing-complete smart contract capabilities on the Bitcoin mainnet, which is essential for the burgeoning BTCFi ecosystem. REE, or Runes Exchange Environment, constructs a decentralized execution layer, facilitating smart contract deployment without relying on cross-chain assets. Built upon the ICP public chain, REE introduces innovative DPS technology, enabling smart contracts on ICP to actively engage in multi-party transactions on Bitcoin. By dynamically forming Partially Signed Bitcoin Transactions (PSBT), it allows for atomic transactions and supports a variety of protocol combinations, including Swap, Lending, and Staking. The first application launched within the REE ecosystem is RichSwap, a decentralized Rune AMM DEX. Leveraging an “optimistic execution, batch settlement” mechanism, RichSwap processes transactions at sub-second speeds, offering a remarkable 100x improvement over traditional Bitcoin confirmation rates. Furthermore, the platform pledges to donate a portion of its protocol revenue to the Rune HOPE•YOU•GET•RICH initiative. Omnity Network is committed to establishing a comprehensive BTCFi infrastructure through its core offerings, aiming to redefine Bitcoin as a pivotal layer for global economic settlements and digital financial innovation. Source: https://en.coinotag.com/breakingnews/bitcoin-gains-turing-complete-smart-contract-capability-with-launch-of-ree-and-richswap-dex/
2025-02-08T03:41:46+00:00