What is Bitzbrick (What is Bitcoin bricklaying)?

08/14/2023 16:54 • NFT Newsflash • 96 views

What is Bitzbrick? What exactly is Bitzbrick?

Bitcoin Lightning Network (BitcoinLiquidNetwork, abbreviated as BLTC) is a peer-to-peer transaction system that uses blockchain technology and decentralized technology. BLTC supports the exchange and trading of all major digital currencies, and can be traded simultaneously between multiple exchanges. Users can use BLTC to convert assets into other encrypted tokens, making it more secure, convenient, and reliable. Since BLTC adopts the “one-click issuance” model, users have complete control over their funds without the need for any third-party involvement. For ordinary users, fast and convenient investment can be achieved through transfers or withdrawals.

What is Bitzbrick?

Bitzbrick is a smart contract platform dominated by BTC/USDT. Compared to traditional centralized custodial services, BLotus is more efficient and flexible, supporting any ERC-20 token, including Bitcoin, Litecoin, and other assets. In addition, users can automatically upgrade their wallet addresses through the BTFS protocol to support more assets.

What is Bitcoin bricklaying?

Bitcoin bricklaying is a simple operation. By putting a transaction into an address and sending a transfer on different chains, users transfer their assets to another place, which means they need to exchange with their own BTC. Generally, if someone wants to move funds out of their wallet and deposit them into an exchange, they can cash out a portion of their portfolio, such as ETH or WBTC, to earn interest.

However, when people find that valuable Bitcoin has been transferred to another platform, it incurs some fees, such as exchange fees, reselling fees, or other forms of fees. These fees are charged and stored by miners, so users can complete this process without spending any BTC for each method.

For example:

1. You want to mint a token on Ethereum and want to have multiple ERC-20 tokens on the Ethereum network.

2. To provide someone with 10 Ethereum (about 0.01% of the total supply), you must first convert it back to ETH.

3. You want to send yourself 100,000 USDT as a reserve and then go to receive your $10,000.

Due to the immutability of smart contract code and to ensure that each transaction is confirmed, users only need to deposit 0.1 BTC into the specified wallet, and then they can use this tool to convert $100 into 10 BNB. The purpose of doing this is to ensure that the digital matches the native digit on Ethereum. Therefore, if you are not interested in the transaction, you can choose to buy 1 Ethereum on the exchange.

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What is Bitzbrick (What is Bitcoin bricklaying)?

What is Bitcoin bricklaying?

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