Blockchain
Tap Protocol Launches Taparoo Swap: The First DeFi Solution on Bitcoin Layer 1
Tap Protocol, leading the charge in Bitcoin Layer 1 development, is proud to announce the launch of Taparoo Swap–the world’s first decentralized exchange (DEX) on Bitcoin. This first-of-its-kind launch makes decentralized finance (DeFi) accessible on the Bitcoin blockchain, removing the need for roll-ups or Layer 2 solutions. It represents a major milestone, unlocking new functionality for the original blockchain.
Taparoo Swap brings peer-to-peer swaps and liquidity pools directly on Bitcoin’s primary layer. Its launch follows a highly successful beta-testing phase where more than 2,000 swaps were executed, moving about 4 Bitcoin–even with a $50 advisory limit per swap. The trial highlights the strong demand for on-chain DeFi solutions on Bitcoin and underscores Taparoo’s potential as a driving force in advancing Bitcoin’s utility in the DeFi space.
Utilising smart contracts to complete transactions, Tap Protocol and Taparoo Swap enable this functionality directly on Bitcoin–no roll-ups or Layer 2 solutions required. It also drives efficiency on the chain, solving a challenge faced by developers seeking to enhance Bitcoin’s utility.
“It’s been a long-standing belief that you cannot build on Bitcoin without enhanced developments or updates across the chain. Taparoo Swap is just one example of how Tap Protocol is making this possible” said Benny the Dev, developer and CEO of Tap Protocol.
The growing community of users and supporters on the platform is already rallying behind Taperoo Swap’s vision—mirrorint the transformative impact that similar platforms have achieved on chains like Ethereum and Solana.
Already the platform’s growing community of users and supporters is rallying behind Taparoo Swap’s vision to mirror the transformative impact that similar platforms have achieved on chains like Ethereum and Solana.
“Taparoo Swap represents a monumental leap forward for Bitcoin,” said Neil Fitzhugh, Head of Marketing of Tap Protocol. “By unlocking DeFi directly on Bitcoin Layer 1, we’re redefining what’s possible for the world’s most prominent blockchain and empowering users to engage with Bitcoin in entirely new ways.”
Features of Taparoo Swap Taparoo Swap provides users a seamless, intuitive experience, offering the following capabilities:
- Connect Tap Wallets to access liquidity pools, swap Bitcoin, trade tokens in the marketplace, and utilize Ethereum bridges for enhanced interoperability.
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Engage with Robust Security Protections, featuring anti-frontrunning features that prioritize buyers and strengthen overall transaction safety.
Taparoo Swap is driven by Tap Protocol’s advanced tools and decentralized indexing capabilities, utilizing TRAC Network to support the creation of decentralized applications (dApps) and DeFi protocols. Tap Protocol offers developers the opportunity to build on Bitcoin while benefiting from cross-chain accessibility.
The post Tap Protocol Launches Taparoo Swap: The First DeFi Solution on Bitcoin Layer 1 appeared first on News, Events, Advertising Options.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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