About Side Protocol

Side Protocol is a distributed mesh liquidity solution that enables inter-blockchain asset trading by utilizing Bitcoin's Taproot and Native SegWit addresses for seamless wallet integration. It decentralizes liquidity across various blockchain networks, enhancing financial sovereignty and scalability within the Bitcoin ecosystem.

```xml <problem> Inter-blockchain asset trading is often fragmented and complex, requiring users to navigate multiple platforms and protocols. Existing solutions lack seamless integration with Bitcoin wallets, hindering accessibility and user experience within the Bitcoin ecosystem. This complexity limits the potential for decentralized finance (DeFi) applications centered around Bitcoin. </problem> <solution> Side Protocol is a Layer-1 blockchain designed to function as a Bitcoin-native financial layer, enabling efficient inter-blockchain asset trading and DeFi applications. By supporting Bitcoin's Taproot and Native SegWit addresses, Side Protocol allows users to utilize existing Bitcoin wallets without third-party integrations. The protocol employs multiple cross-chain messaging layers to facilitate access to assets across different blockchain networks. Side Protocol aims to serve as a DeFi and liquidity hub for the Bitcoin ecosystem, supporting BTC, Ordinals, Runes, and other assets bridged from various ecosystems. </solution> <features> - Native Bitcoin compatibility supporting Taproot and Native SegWit addresses - Cross-chain messaging layers for interoperability with various blockchain networks - Embedded DeFi center supporting BTC, Ordinals, Runes, and bridged assets - Scalable architecture enabling developers to deploy applications - Side Wallet: Explorer, staking, governance, and faucet - Side Station: Multi-party smart contract channels - Side Bridge: Transfer BTC and native Bitcoin assets to Side - Side Hub: An application hub for Bitcoin </features> <target_audience> The primary target audience includes Bitcoin users, DeFi developers, and individuals seeking to participate in a Bitcoin-centric financial ecosystem. </target_audience> ```

What does Side Protocol do?

When was Side Protocol founded?

Side Protocol was founded in 2022.

Founded

2022

Employees

4 employees

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Side Protocol

Score: 68/100

AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

side.one 2K+

Founded 2022

Funding

No funding information available. Click "Fetch funding" to run a targeted funding scan.

Team (<5)

Dave Hrycyszyn

CTO

Company Description

Problem

Inter-blockchain asset trading is often fragmented and complex, requiring users to navigate multiple platforms and protocols. Existing solutions lack seamless integration with Bitcoin wallets, hindering accessibility and user experience within the Bitcoin ecosystem. This complexity limits the potential for decentralized finance (DeFi) applications centered around Bitcoin.

Solution

Side Protocol is a Layer-1 blockchain designed to function as a Bitcoin-native financial layer, enabling efficient inter-blockchain asset trading and DeFi applications. By supporting Bitcoin's Taproot and Native SegWit addresses, Side Protocol allows users to utilize existing Bitcoin wallets without third-party integrations. The protocol employs multiple cross-chain messaging layers to facilitate access to assets across different blockchain networks. Side Protocol aims to serve as a DeFi and liquidity hub for the Bitcoin ecosystem, supporting BTC, Ordinals, Runes, and other assets bridged from various ecosystems.

Features

Native Bitcoin compatibility supporting Taproot and Native SegWit addresses

Cross-chain messaging layers for interoperability with various blockchain networks

Embedded DeFi center supporting BTC, Ordinals, Runes, and bridged assets

Scalable architecture enabling developers to deploy applications

Side Wallet: Explorer, staking, governance, and faucet

Side Station: Multi-party smart contract channels

Side Bridge: Transfer BTC and native Bitcoin assets to Side

Side Hub: An application hub for Bitcoin

Target Audience

The primary target audience includes Bitcoin users, DeFi developers, and individuals seeking to participate in a Bitcoin-centric financial ecosystem.