POWpeg App v2.3: The Safest Bitcoin Bridge is Now 50x Faster

Bringing your Bitcoin into Rootstock where it can be used to participate in the Bitcoin DeFi economy just got a major upgrade. 

Rootstock’s native bridge, the POWpeg has been the unstoppable, uncensorable, and unbreakable Bitcoin bridge in existence since launching in 2018 and  as of today it is now 50x faster, jumping from 16 hours to 20 minutes, with Fast Mode. 

As well as the introduction of POWPeg Fast mode, the latest upgrade also adds additional support for Enkrypt and Xverse, two of the leading wallets in the Bitcoin ecosystem.

In this article, we’ll explore the major changes to the POWpeg and how they significantly improve your ability to put your Bitcoin to work.

POWpeg: The fastest and safest bridge to Bitcoin

Since 2018, Rootstock’s POWpeg has been the most secure and most decentralized Bitcoin bridge, making it the go-to solution for Bitcoin holders who want to take advantage of DeFi. POWpeg’s security is unmatched, employing a Defense-in-Depth approach that combines multiple technologies, including merged mining, to ensure no single entity controls the bridge. This sets a high benchmark for Bitcoin bridging.

The new update makes it significantly easier and safer for Bitcoin holders to put their Bitcoin to work in DeFi activities like lending, borrowing, and staking.

Security First, As always

POWpeg’s two-way bridge, backed by Bitcoin’s proof-of-work and advanced hardware security modules (HSMs), ensures that no single entity controls your funds. This Defense-in-Depth approach makes the POWpeg the most secure way to access DeFi with Bitcoin. 

Your Bitcoin is safe, always.

Fast Mode – No more long waiting times

Moving BTC from one chain to another can be stressful as you wait to make sure your money arrived safely. With the introduction of Fast Mode in the POWpeg app, transactions are processed in just minutes instead of hours. By integrating the Flyover protocol, this new system allows for instant access to your Bitcoin without the previous 33-hour wait.

Fast Mode means:

• Faster decentralized transactions: In 20 minutes, not 33 hours!
• More liquidity: Overall pegging in and out rose up to 5 BTC (over half a million dollars) instead of just 1 BTC.
• Larger transfers: You can now send up to 0.5 BTC in a single transaction, making it easier to move larger amounts.

More wallets, more RBTC partners, more options

POWpeg now works with popular wallets like Enkrypt and Xverse, making it easier than ever for you to get involved. And Rootstock contributors are working to expand wallet support even further to give you the freedom to choose the wallets you trust.

Moreover, with Boltz, Changelly, Ripio, and Lemon now supporting Rootstock ecosystem tokens, it’s even easier to get a hold of rBTC and RIF to access the spectrum of DeFi applications on Rootstock. 

Flyover: A treat for developers

Rootstock is about making Bitcoin work for everyone, and championing developers is the key.

With the latest Flyover v2.1 update, integrating POWpeg into your application or using it directly just became even more straightforward with features like:

• Support for new Bitcoin addresses like SegWit and Taproot ensuring compatibility with the latest wallets and tools.
• Easier SDK for developers making integrating the POWpeg into applications simple.
• Multiple liquidity providers to guarantee smoother transactions, even during busy times.

Why Rootstock is the Best Place for Your Bitcoin

Rootstock is more than just a bridge—it’s a fully secure, scalable ecosystem where you can use your Bitcoin in powerful DeFi applications. Whether it’s lending, borrowing, staking, or yield farming, Rootstock gives you the freedom to leverage your Bitcoin in ways you never could before.

With the combination of security, speed, and expanded liquidity, POWpeg is hands down the best bridge to put your Bitcoin to work in the world of DeFi. It’s not just a safer way to connect to DeFi, it’s a faster, more efficient way that opens up new possibilities for you.

Ready to explore the upgrades? Dive into the POWpeg app today and experience the future of RBTC access. 

Whether you’re integrating Flyover into your application, becoming a liquidity provider, or exploring Rootstock’s DeFi ecosystem, there’s never been a better time to get involved.