ChakraChakra: The First Modular Settlement Layer for Unified Bitcoin Liquidity
In the current crypto ecosystem, Bitcoin liquidity is facing significant wastage and fragmentation issues. Despite Bitcoin occupying half of the total market capitalization of cryptocurrencies, over 66% of Bitcoin has not moved within a year, resulting in over $900 billion in liquidity not being released. Additionally, the proliferation of Bitcoin Layer 2 networks further fragments liquidity. Current Bitcoin settlement solutions each have their own bottlenecks, severely impacting user experie...
ChakraChakra Protocol: Bitcoin Restaking using Zero-Knowledge Proofs
Bitcoin RestakingBitcoin, with its market cap now reaching an astounding 1 trillion dollars, has positioned itself as a form of digital gold. However, at present, it largely remains an idle asset. Most BTCs lie dormant in users' cold wallets and in various exchanges around the globe, rather than actively participating in blockchain networks or generating benefits for their holders. The potential of Bitcoin, thus, extends far beyond its current use and application. The goal of the Chakra ...
ChakraBitcoin Scalability Part III: Introspection & Covenant
OverviewCompared to Turing-complete blockchains like Ethereum, Bitcoin scripting is considered to be highly restrictive, capable only of basic operations, and it even lacks support for multiplication and division. More importantly, the blockchain's own data is almost inaccessible to scripts, resulting in a significant lack of flexibility and programmability. Hence, there has been a long-standing effort to enable Bitcoin scripts to achieve introspection. Introspection refers to the abilit...
The first Modular Settlement Layer. Fast and Secure. Easy to Integrate. Unlock Bitcoin's liquidity across every blockchain.
ChakraChakra: The First Modular Settlement Layer for Unified Bitcoin Liquidity
In the current crypto ecosystem, Bitcoin liquidity is facing significant wastage and fragmentation issues. Despite Bitcoin occupying half of the total market capitalization of cryptocurrencies, over 66% of Bitcoin has not moved within a year, resulting in over $900 billion in liquidity not being released. Additionally, the proliferation of Bitcoin Layer 2 networks further fragments liquidity. Current Bitcoin settlement solutions each have their own bottlenecks, severely impacting user experie...
ChakraChakra Protocol: Bitcoin Restaking using Zero-Knowledge Proofs
Bitcoin RestakingBitcoin, with its market cap now reaching an astounding 1 trillion dollars, has positioned itself as a form of digital gold. However, at present, it largely remains an idle asset. Most BTCs lie dormant in users' cold wallets and in various exchanges around the globe, rather than actively participating in blockchain networks or generating benefits for their holders. The potential of Bitcoin, thus, extends far beyond its current use and application. The goal of the Chakra ...
ChakraBitcoin Scalability Part III: Introspection & Covenant
OverviewCompared to Turing-complete blockchains like Ethereum, Bitcoin scripting is considered to be highly restrictive, capable only of basic operations, and it even lacks support for multiplication and division. More importantly, the blockchain's own data is almost inaccessible to scripts, resulting in a significant lack of flexibility and programmability. Hence, there has been a long-standing effort to enable Bitcoin scripts to achieve introspection. Introspection refers to the abilit...
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The first Modular Settlement Layer. Fast and Secure. Easy to Integrate. Unlock Bitcoin's liquidity across every blockchain.
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We are thrilled to announce the launch of the Chakra Testnet at 5 PM UTC on May 30, 2024.
In collaboration with Babylon Bitcoin Staking Testnet-4, this launch enables users to complete a single staking transaction and experience staking on both the Chakra and Babylon Testnets, exploring the potential of enjoying rewards from both platforms simultaneously.
Chakra will act as the Finality Provider for Babylon, securing the PoS services based on the amount of BTC staked by users.
Through Chakra, users will not only benefit from the returns of Babylon's PoS services but also receive liquid assets on various Layer2 platforms, generating multiple yields. The liquid assets will play a significant role in DeFi protocols, contributing to the prosperity of the BTCFi ecosystem and leading to the emergence of a BTC DeFi Summer!
Join the Aqua Chapter of Chakra Awakening, where Bitcoin holders unite like aqua merging into the ocean, joining forces in the staking revolution. Participation is risk-free using BTC Signet, a testing network, not the BTC mainnet.
At 5 PM UTC on May 30, 2024, Phase 1 of the Chakra Testnet Chronicles starts, where you will complete tasks to claim Signet Bitcoin from Chakra, akin to receiving a drop of Aqua. Phase 2 will launch soon, where millions of aqua will join the ocean of staking, details coming soon!
Phase 1: Aqua Dropping (Claim Signet Bitcoin)
Launch: May 30, 2024, at 5 PM UTC on Galxe.
Tasks: Complete tasks on Galxe, and claim Signet Bitcoin.
Access:
https://app.galxe.com/quest/aydf7GzQjfLYoHLK266faV/GC2sQtdxbZ
Phase 2: Aqua Merging (Stake Signet Bitcoin)
Launch: Details coming soon.
Tasks: Details coming soon.
Access: Details coming soon.
In Phase 1 of the Chakra Testnet Chronicles, you will complete some simple tasks on Galxe and receive an airdrop of Signet Bitcoin from Chakra. Please follow these steps to secure Signet Bitcoin tokens:
Visit the Phase 1 of the Chakra Testnet Chronicles on Galxe.
Follow Chakra on X
Join Chakra on Telegram
Have the Aqua role in the Chakra Discord server
Retweet the Testnet post
Enter your Signet Bitcoin address
Upon completing the tasks, an airdrop of 0.00058 Signet Bitcoin will be sent to each Signet address that has completed all tasks in Phase 1, in the sequence of task completion, starting from 4 AM UTC on May 31, 2024. Subsequent airdrops of Signet Bitcoin will be performed daily.
Note that the Signet Bitcoin airdrop is a gift from Chakra and is limited in quantity. First come, first served.
Follow these steps to view your Signet Bitcoin address:
Set up OKX Wallet: Download the OKX wallet extension from the official website.
Create or Import Wallet: After installation, either create a new wallet or import an existing one.
Add Signet BTC Token to Your OKX Wallet: Open your wallet, scroll to the bottom of the cryptocurrencies list, and click on Manage Crypto. Search for sBTC and add it to your wallet.
Confirm Address Type: Ensure that you are using a Taproot address format, as Chakra Testnet is compatible with it. Click on Signet BTC in your OKX Wallet and confirm the address type.
Signet Bitcoin is a simulated currency for testing purposes only. It does not carry any monetary value and is not redeemable or tradable.
We appreciate your support as we strive to refine and secure the future of Bitcoin staking. We look forward to your participation in this important testnet launch.
We are thrilled to announce the launch of the Chakra Testnet at 5 PM UTC on May 30, 2024.
In collaboration with Babylon Bitcoin Staking Testnet-4, this launch enables users to complete a single staking transaction and experience staking on both the Chakra and Babylon Testnets, exploring the potential of enjoying rewards from both platforms simultaneously.
Chakra will act as the Finality Provider for Babylon, securing the PoS services based on the amount of BTC staked by users.
Through Chakra, users will not only benefit from the returns of Babylon's PoS services but also receive liquid assets on various Layer2 platforms, generating multiple yields. The liquid assets will play a significant role in DeFi protocols, contributing to the prosperity of the BTCFi ecosystem and leading to the emergence of a BTC DeFi Summer!
Join the Aqua Chapter of Chakra Awakening, where Bitcoin holders unite like aqua merging into the ocean, joining forces in the staking revolution. Participation is risk-free using BTC Signet, a testing network, not the BTC mainnet.
At 5 PM UTC on May 30, 2024, Phase 1 of the Chakra Testnet Chronicles starts, where you will complete tasks to claim Signet Bitcoin from Chakra, akin to receiving a drop of Aqua. Phase 2 will launch soon, where millions of aqua will join the ocean of staking, details coming soon!
Phase 1: Aqua Dropping (Claim Signet Bitcoin)
Launch: May 30, 2024, at 5 PM UTC on Galxe.
Tasks: Complete tasks on Galxe, and claim Signet Bitcoin.
Access:
https://app.galxe.com/quest/aydf7GzQjfLYoHLK266faV/GC2sQtdxbZ
Phase 2: Aqua Merging (Stake Signet Bitcoin)
Launch: Details coming soon.
Tasks: Details coming soon.
Access: Details coming soon.
In Phase 1 of the Chakra Testnet Chronicles, you will complete some simple tasks on Galxe and receive an airdrop of Signet Bitcoin from Chakra. Please follow these steps to secure Signet Bitcoin tokens:
Visit the Phase 1 of the Chakra Testnet Chronicles on Galxe.
Follow Chakra on X
Join Chakra on Telegram
Have the Aqua role in the Chakra Discord server
Retweet the Testnet post
Enter your Signet Bitcoin address
Upon completing the tasks, an airdrop of 0.00058 Signet Bitcoin will be sent to each Signet address that has completed all tasks in Phase 1, in the sequence of task completion, starting from 4 AM UTC on May 31, 2024. Subsequent airdrops of Signet Bitcoin will be performed daily.
Note that the Signet Bitcoin airdrop is a gift from Chakra and is limited in quantity. First come, first served.
Follow these steps to view your Signet Bitcoin address:
Set up OKX Wallet: Download the OKX wallet extension from the official website.
Create or Import Wallet: After installation, either create a new wallet or import an existing one.
Add Signet BTC Token to Your OKX Wallet: Open your wallet, scroll to the bottom of the cryptocurrencies list, and click on Manage Crypto. Search for sBTC and add it to your wallet.
Confirm Address Type: Ensure that you are using a Taproot address format, as Chakra Testnet is compatible with it. Click on Signet BTC in your OKX Wallet and confirm the address type.
Signet Bitcoin is a simulated currency for testing purposes only. It does not carry any monetary value and is not redeemable or tradable.
We appreciate your support as we strive to refine and secure the future of Bitcoin staking. We look forward to your participation in this important testnet launch.
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