Introduction

Welcome to BCDEx

We have come a long way since the birth of Bitcoin in 2009, and the crypto-verse continues to expand with a myriad of innovative solutions. While Wrapped Bitcoin (WBTC) on Ethereum introduced Bitcoin liquidity to the DeFi space, it still relies on a centralized custodian model. This goes against the core principles of decentralization and censorship-resistance.

We crave a native solution that truly embodies the spirit of Satoshi Nakamoto's vision. Enter BCDEx, the groundbreaking "Bitcoin Decentralized Extension Network" that enables trustless native swaps of crypto-assets into Bitcoin and beyond through atomic swaps.

BTC native swaps offer several advantages over their wrapped counterparts:

• Decentralization: Native swaps allow for the exchange of crypto-assets without relying on centralized custodians, eliminating single points of failure and enhancing security.

• Trustlessness: Atomic swaps enable peer-to-peer trading without the need for intermediaries, ensuring that neither party can cheat or manipulate the transaction.

• Censorship-resistance: By removing centralized control, native swaps empower users to trade freely without the risk of censorship or regulatory interference.

• Enhanced liquidity: Atomic swaps provide a seamless way to exchange assets across different blockchain networks, fostering increased liquidity and improved price discovery.

Historically, Bitcoin has been seen as slow, conservative, and akin to digital gold. Its presence in DeFi and NFTs has been minimal, with Wrapped Bitcoin (WBTC) making up less than 1% of BTC's circulating supply. However, the sleeping giant is awakening, and a new era is about to dawn as BCDEX paves the way for a thriving BTC DeFi ecosystem.