Integration
Methodology of Integration
2.1. Utilizing XCHAIN Virtual Machine (XVM)
For seamless integration, the Bitcoin network can be mapped onto the XCHAIN through the XVM. This ensures that Bitcoin transactions can be processed using the XCHAIN's infrastructure, benefiting from its high TPS and reduced fees.
2.2. Cross-chain Transactions
By employing Sidechain and Rollup technologies, Bitcoin can be transacted across the XCHAIN network. This allows Bitcoin to enter and activate the XVM ecosystem (Defi, dAaps, DAO)..
2.3. Smart Contract Integration
Bitcoin can be wrapped into a smart contract on the XCHAIN using XASC, allowing it to be used in decentralized applications on the XCHAIN network.
Advantages of Integration
3.1. Enhanced Transaction Speed: With XCHAIN's about performance of 84,000 TPS, Bitcoin transactions can be processed much faster than its current capability.
3.2. Reduced Transaction Costs
Leveraging XCHAIN's low energy consumption and reduced network fees, Bitcoin transactions can become more cost-effective.
3.3. Diversified Use Cases
Bitcoin can be integrated into XCHAIN's ecosystem, allowing it to be used in payments, lending platforms, games, decentralized exchanges, and NFTs.
3.4. Improved Security
By utilizing XCHAIN's advanced consensus mechanisms like XPoS, XPoH, and XPoSW, Bitcoin's network can achieve enhanced security against potential threats.
3.5. Innovation in Consensus Mechanisms
Bitcoin can benefit from XCHAIN's innovative consensus mechanisms, especially the INTD Proof of Social Work (XPoSW), ensuring more equitable and swift transaction verifications.
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