NEW YORK, Might 5, 2025 /PRNewswire/ — Testnet Opens Door to Decentralized Buying and selling, Borrowing, Incomes, and Stablecoins on Bitcoin‘s Basis.
Bitcoin‘s market cap sits near $2 trillion, however its potential stays largely untapped, locked behind centralized options. The Alpen testnet is now publicly accessible, a significant step towards unleashing that potential with programmability and scalability by zero-knowledge proofs. This milestone brings decentralized buying and selling, borrowing, incomes, stablecoins, and extra one step nearer to Bitcoin.
“Bitcoin‘s not only for holding anymore,” stated Simanta Gautam, CEO and co-founder of Alpen Labs. “Alpen equips builders with instruments to construct and customers with the flexibility to have interaction with Bitcoin in all of the methods they’ve wished, no middlemen required. A number of the greatest groups within the house are already constructing on it, and we will’t wait to see what’s subsequent.”
The Alpen testnet permits builders to experiment, construct, and take a look at BTC functions as soon as confined to centralized exchanges, custodians, or wrapped tokens on different chains. For customers, it gives a glimpse into an open future monetary system that’s safe and self-custodial.
Alpen distills years of analysis by the Alpen Labs workforce into safe, trust-minimized programmability for Bitcoin. Alpen’s EVM compatibility permits crypto‘s largest developer base to make use of acquainted instruments to faucet into Bitcoin‘s large liquidity. Alpen’s BitVM2-based Strata bridge will present functions with essentially the most safe, trust-minimized BTC upon launch. Alpen’s zk-rollup structure permits quicker, lower-cost transactions whereas inheriting Bitcoin‘s unmatched safety.
“I imagine this represents one of the vital breakthroughs in blockchain historical past, uniting Bitcoin‘s unmatched safety with the programmability we’ve waited 15 years for. Alpen is a game-changer for Bitcoin, and we’re proud to again a workforce that’s pushing the ecosystem to new heights.” — Nic Carter, Companion at Citadel Island Ventures
Based in 2022 by 4 MIT alumni and backed by Ribbit Capital, Stillmark, DBA, cyber•Fund, Citadel Island Ventures, and others, Alpen Labs is reshaping Bitcoin‘s ecosystem into one the place builders can securely innovate. This testnet paves the best way for an upcoming mainnet launch that seeks to redefine Bitcoin‘s future.
Customers can be taught extra at alpenlabs.io and skim the launch weblog submit.
About Alpen Labs
Alpen Labs is shaping the subsequent chapter of Bitcoin‘s story. With Alpen, Bitcoin beneficial properties programmability and scalability, enabling decentralized buying and selling, lending, stablecoins, and extra with out compromising safety or decentralization. Based in New York by 4 MIT grads, Alpen Labs is connecting modern finance to the world’s most trusted digital cash.
Contact
Founder & CEO
Phil
21M Communications
phil@21mcommunications.com
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SOURCE Alpen Labs
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