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Introducing Glyph Exchange: Inscription Trading and Bitcoin DeFi on Core Chain

4 min read
Introducing Glyph Exchange: Inscription Trading and Bitcoin DeFi on Core Chain

The rise of DeFi is here to stay, and it has already evolved to a stage where traditional finance is becoming obsolete. Now, Glyph Exchange is set to take things by storm by launching the first inscription AMM and Bitcoin-powered exchange on Core Chain. Glyph Exchange aims to revolutionize the way users trade. Let’s dive into the concept of inscriptions and the emergence of Bitcoin DeFi, and discover how Glyph Exchange promises to combine them to provide a seamless and secure trading experience.

The Power of Glyph Exchange Glyph Exchange, the first inscription AMM, promises users a seamless and decentralized trading experience. By launching on Core Chain - combining the security and trust of Bitcoin with the transparency, efficiency and scalability of Ethereum - Glyph Exchange sets itself apart from traditional exchanges. Users can trade a wide range of assets, including inscriptions - one of the key advantages of Glyph Exchange is its ability to provide liquidity to the inscriptions market. Users can easily trade their inscriptions, providing them with a liquid asset that can be easily exchanged.

The Future of Inscription Trading With its launch on Core Chain, Glyph Exchange is set to differentiate the way users trade and interact with both cryptocurrency and recent digital assets such as inscriptions. As the first inscription AMM and Bitcoin-powered exchange on Core Chain which offers low fees, fast transactions, and a high level of security, users will be able to enjoy all the benefits of seamless trading on Glyph Exchange.

What are Inscriptions? An inscription is a process that allows for engraving data into a blockchain, inheriting the network's advantages. Let’s take Bitcoin as an example: also known as ordinal inscription, this process allows for the attachment of data to a satoshi, Bitcoin’s smallest unit. On Ethereum, the ETHscriptions allow for attaching this data into a blockchain’s transaction, just like it happens on Core Chain.

The data can include multiple types of content such as texts, images, videos, and audio. Inscriptions have several applications - including ownership and trading of digital artworks, music, or videos, and secure storage.

Understanding Bitcoin DeFi Bitcoin DeFi, as explored in the Core Chain Vision Paper, is the development of financial applications and infrastructure on the Bitcoin blockchain. Core Chain recognizes the trust and stability of Bitcoin as a leading digital store of value and aims to create innovative financial products and services.

Bitcoin DeFi aims to unlock the true potential of Bitcoin by expanding its use cases and bringing decentralized finance to the network. It’s the recognition of the value of Bitcoin as a trusted and secure asset, and Core Chain seeks to leverage its capabilities to create a more innovative and accessible financial system.

About Core Chain Core is a Bitcoin-powered blockchain unlocking EMV-Compatible BTCfi beginning with the first ever implementation of Non-Custodial BTC Staking and the world’s first yield bearing BTC ETP. Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security and over 4,800 BTC natively staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed millions of Core adopters - over 19M unique addresses and 260M transactions since its mainnet launch in January 2023.

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