Bitcoin
Defi
The ProblemOnly 1.3% of all Bitcoins can access DeFi
BTC currently accounts for almost half of the crypto market cap. But, because BTC doesn’t support smart contracts, it has limited presence in DeFi markets.
Until a simple, convenient and secure way is found for mainnet BTC to support DeFi, the utility of the leading cryptocurrency is negligible. Unlocking the direct use of BTC in DeFi unleashes 100x growth potential for the crypto space (and perhaps even more!)
The SolutionA New DeFi Programming Paradigm
Combining HTLC and game theory, BCDEx allows P2P asset exchanges between Bitcoin and EVM compatible blockchains.
BCDEx is building a DeFi ecosystem that is different from Ethereum smart contracts by enhancing security, reducing reliance on the blockchain, and optimising transaction processing methods.
Read the docs
No middle-man, truly decentralised
No additional validators involved, no oracle dependency, no custody, no liquidity pools.
Funds remain in wallets until the transaction occurs
Forget about DeFi attacks
Thanks to HTLC’s asynchronous nature, there's no risk of common DeFi attacks: flash loan, reentrancy, double confirmation.
Price manipulation is a thing of the past
No blockchain bloat
In smart-contract-based DeFi all state operations must be gathered on-chain, making it bloated.
In the BCDEx network, only final settlement is on-chain, leading to smaller block sizes.
How does it work?3-Layer Architecture
Peer-To-Peer Protocol Layer
Decentralised non-custodial transactions using game theory dynamics and atomic swaps.
Network Protocol Layer
Market makers are introduced as active nodes, connecting different blockchain ecosystems and forming the fully-automated BCDEx network.
dApp & Ecosystem Layer
Developers can easily build an entire ecosystem of dApps, finally unlocking the full potential of DeFi.
