Arcana Partners with Bitlayer to Unlock the Power of Bitcoin Layer 2s

by

Andria Efstathiou

Announcements

|

May 1, 2024

Bitcoin Layer 2 solutions are revolutionizing the web3 space, offering scalability and flexibility to the BTC ecosystem. At Arcana Network, we recognize the potential of Bitcoin Layer 2s to enhance user experience and drive adoption. That's why we're thrilled to announce our partnership with Bitlayer, an EVM-compatible Bitcoin Layer 2 solution.

Bitcoin, renowned for its security and value, has long been limited by its base chain's computational constraints. However, Bitcoin Layer 2s addresses these limitations by creating a new execution layer to process transactions, increasing throughput and reducing congestion. With Bitcoin Layer 2s, smart contracts, faster settlements, and cheaper transactions become possible, unlocking new opportunities for innovation and asset interoperability across ecosystems.

Bitlayer is a community-driven EVM-compatible Bitcoin L2. Bitlayer is the first Layer 2 solution offering Bitcoin-equivalent security and Turing completeness. It's also the first built on BitVM. Bitlayer aims to bring secure scalability to the Bitcoin ecosystem, promoting asset diversity and spurring innovation for a faster, safer, and more flexible user experience.

Official Links: Website | Twitter | LinkedIn | Telegram

How Arcana and Bitlayer will collaborate

The adoption of Bitcoin Layer 2 solutions faces challenges, particularly in wallet integration and user experience. Arcana Auth steps in to address these obstacles, offering seamless user onboarding with the fastest email and social logins. Bitlayer facilitates seamless integration with Arcana Auth SDK for DApps built on Bitlayer, streamlining user interactions and elevating the overall user experience.

With Arcana Auth, users can effortlessly onboard to the Bitlayer ecosystem using their email or social logins, eliminating friction and promoting inclusivity. By providing social login support, Arcana empowers DApps built on Bitlayer to attract and onboard users more effectively, driving the mass adoption of Bitcoin Layer 2 solutions.

Quote from Bitlayer & Arcana

"Embracing the synergy between Arcana Network and Bitlayer, we forge a path where innovation meets security, simplicity meets scalability. Together, we pioneer a future where the ease of Arcana's user-centric solutions merges seamlessly with Bitlayer's groundbreaking Bitcoin Layer 2 technology, unlocking boundless possibilities for a decentralized, interconnected world." says David Rutkovsky, Director of Global Biz Dev at Bitlayer

“We're excited to collaborate with Bitlayer and support the growth of the Bitcoin Layer 2 ecosystem. Together, we'll enable seamless user experiences and pave the way for the next generation of decentralized applications and protocols.” Says Mayur Relekar, founder and CEO of Arcana Network.

About Arcana Network‍

Arcana is building a suite of products and services powered by a specialized Validium to significantly boost user experience and make your web3 journey effortless. Arcana has so far launched 3 key products since 2021. 

To begin with, Arcana launched the Auth SDK - an easy way for devs to onboard users and give them a non-custodial wallet. In other words, app users can use their email or social logins, and instantly get a secure, in-app wallet: no passwords, seed phrases, and installations. 

Arcana's second product is Arcana Gasless, an ERC 4337-based solution that allows developers to sponsor gas fees for their users. This solution is in line with the popular trend of Account Abstraction. 

Arcana's third and widely popular product is SendIt, the Paypal of Crypto. With SendIt, users can send crypto to an email address, simplifying crypto payments and making it accessible to everyone. 

Arcana has raised 4.5Mn USD from leading investors and founders in the ecosystem, such as Balaji Srinivasan, Founders of Polygon, Woodstock, Republic Crypto, Fenbushi, Digital Currency Group, and more. 


Official Links:  Website | Telegram | Twitter | GitHub | Discord

May 20, 2024
Announcements

by

Andria Efstathiou

Schedule a Demo

The call is completely free and no commitment is required.

Copyright © Arcana Technologies Ltd. All rights reserved.

Schedule a Demo

The call is completely free and no commitment is required.

Copyright © Arcana Technologies Ltd. All rights reserved.

Schedule a Demo

The call is completely free and no commitment is required.

Schedule a Demo

The call is completely free and no commitment is required.

Schedule a Demo

The call is completely free and

no commitment is required.