Alpen Labs decided that Bitcoin shouldn’t be just for hoarding or noble silence. No, they’ve launched their public testnet on a seemingly dull Monday — because who needs a weekend, when you can build a financial utopia on the blockchain? 🎩✨
Bitcoin ZK-Rollup Testnet Goes Live With EVM Compatibility — Or How To Turn Bitcoin into the Life of the Party
According to Alpen Labs, this new playground lets developers experiment with Bitcoin-based financial tricks that used to only exist inside the mystical walls of centralized banks or the faraway lands of other blockchains. Think trading, borrowing, earning yield — the usual financial wizardry, but now on the *real* Bitcoin. Because what’s life without a little risk and a lot of code? 🔮
Bitcoin’s financial system is coming online.
Alpen’s Public Testnet is now live! Borrow, trade, earn yield & use stablecoins – soon on Bitcoin. 🎉
— Alpen (@AlpenLabs) August 4, 2025
Running the show is the Bitcoin Dollar (BTD), a stablecoin backed by BTC itself, cooked up in collaboration with the Liquity protocol team. It’s like having your cake and borrowing against it, too — because Bitcoin, after all, is versatile enough to turn into a financial Swiss Army knife. 🛠️
This tech marvel uses a zero-knowledge rollup (ZK-rollup) architecture on top of Bitcoin, promising faster, cheaper transactions while still feeling cozy in Bitcoin’s security blanket. And for those who like their blockchain insights served with a side of familiarity, there’s Ethereum Virtual Machine (EVM) compatibility — so developers can use their beloved Ethereum tools to craft more blockchain wizardry. 🧙♂️
CEO and co-founder Simanta Gautam kindly informs us that “Bitcoin’s not just for holding anymore.” No, it’s time to get it some action, minus the middlemen. Alpen aims to bring a bustling financial scene to BTC, like Wall Street — but with better snacks and no rent-controlled offices. We’re assembling perhaps the most talented tech teams and turning Bitcoin into your new favorite financial playground.
Founded in 2022 by a squad of four MIT graduates, Alpen Labs boasts backing from heavy hitters like Ribbit Capital, Stillmark, Castle Island Ventures, and a few Wences Casares oracles. Based out of New York, they’re just waiting for the green light from the mainnet to launch a Bitcoin-based financial fiesta. Hold onto your hats, ladies and gentlemen, because crypto just got its swagger back. 🚀💥
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2025-08-04 23:27