Article Summary, Automatically Generated By AI
Summary of Ordibank
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Key Features:
- Groundbreaking protocol built on Bitcoin L1
- Combines Bitcoin nodes with virtualized smart contract logic
- Supports BTC, BRC20, and Atomicals
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Benefits:
- First-ever Borrowing & Lending Protocol on Bitcoin L1
- Addresses billions of dollars in idle inscriptions
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Technical Details:
- Bitcoin Core v25.1
- Ord v0
About Ordibank
Established with a vision to revolutionize the traditional banking system, Ordibank is a decentralized financial institution that leverages the power of blockchain technology to provide a secure, transparent, and efficient platform for users to manage their digital assets.
A pioneering protocol built on Bitcoin Layer 1, harnessing the logic of Compound Finance in an off-chain balance state processing environment, thereby inaugurating the BTCFI ecosystem as the inaugural Borrowing & Lending Protocol natively integrated with Bitcoin.
Ordibank converges the robustness of Bitcoin nodes, leveraging Bitcoin Core v25.1 and Ord v0.14, with the virtualized smart contract logic and off-chain balance states, thereby creating a distinctive money market tailored to Atomicals and BRC20 standards.
In a groundbreaking milestone, the inaugural Compound of the Bitcoin ecosystem has finally arrived.
☑️ Introducing the pioneering borrowing and lending protocol built directly on Bitcoin Layer 1 ☑️ Leveraging the robustness of Bitcoin nodes, augmented with virtualized smart contract logic ☑️ Compatible with BTC, BRC20, and Atomicals ☑️ Unlocking the potential of billions of dollars in dormant assets