Dioxide Updates

Introduction to the Canary Network of BitREXE, Dioxide

Dioxide, BitREXE's Canary network, functions as a highly scalable decentralized system, ensuring the BTC layer 2 network is forever owned by people who use it, build to achieve it, and help to maintain it.

As the scaling layer for BTC, Dioxide acts as the gateway to the Bitcoin world, enabling users to leverage digital gold (BTC) for an enhanced transaction experience within the BTC ecosystem. This extends to use cases such as asset issuance, laying the foundation for DeFi, socialfi, and various other DApps.

Underpinned by the innovative PREDA programming model, it introduces a novel approach for scaling out general smart contracts within multi-VM blockchain systems. These advanced features are easily accessible to blockchain developers through the PREDA programming language, ensuring inherent scalability even for smart contracts with complexities commonly found in the DeFi space.

Dioxide inherits enhanced blockchain security by reusing the BTC hashrate, with its own mechanisms for adjusting difficulty, block interval, chain growth, and fork procedures, operating independently of the Bitcoin network.