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Description
Bitcoin has established itself as a reliable store of value protocol, while Stacks aims to demonstrate that it can serve as the foundation for a user-owned internet. By introducing scalable transactions and dynamic smart contracts to the Bitcoin ecosystem, Stacks effectively utilizes Bitcoin's substantial $1 trillion capital. The registration of .BTC domains occurs through a smart contract on Stacks, which is secured by the Bitcoin network. This contract features a decentralized name registry developed in Clarity language, where ownership of each .BTC name is encoded as a hash on the Bitcoin blockchain. Instead of overwhelming the Bitcoin blockchain with individual name registrations, numerous Stacks transactions can be consolidated into a single transaction on the Bitcoin blockchain. The web bridge enables btc.us to function as a top-level domain, affording users the ability to create personal subdomains. While the web bridge operates as a centralized service, the .BTC names themselves remain decentralized. Looking ahead, enhancements to .btc resolution in web browsers could significantly improve user experience and accessibility. This evolution could lead to a more integrated and efficient use of Bitcoin as a foundational element of the web.
Description
Sovryn is committed to maintaining high security standards through regular audits by multiple auditors and a robust bug bounty program. In addition, the platform plans to introduce more secure oracles to enhance decentralization further. To safeguard against the risks of undercollateralized loans, an insurance fund is maintained, to which 10% of interest generated is contributed. Upholding one of the core tenets of decentralized finance, Sovryn emphasizes interoperability and the creation of open-source code. Users can transact seamlessly using bitcoin directly from their wallets, eliminating any friction in the process. All transactions are processed on the bitcoin blockchain through the RSK bitcoin sidechain. As a decentralized margin trading platform, Sovryn does not require any KYC or AML verification, allowing users to retain their pseudonymity. This system empowers individuals to lend and trade without the need to entrust their keys to a centralized entity. With a focus on user autonomy, Sovryn ensures that your keys, coins, and control remain exclusively in your hands. Borrowers on the platform leverage their bitcoin to establish margin trading positions, effectively borrowing bitcoin from lenders to amplify their trading potential. Through this structure, Sovryn facilitates a dynamic and user-centric trading environment.
API Access
Has API
API Access
Has API
Pricing Details
$5 per domain
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
BTC.us
Website
btc.us
Vendor Details
Company Name
Sovryn
Founded
2020
Website
www.sovryn.app/
