Bitmatrix Releases Mainnet Beta For Automated Market Maker On Liquid

Bitmatrix, an automated market maker (AMM) procedure, has released its mainnet beta which will enable bitcoiners to develop their own liquidity swimming pool and carry out trustless swaps on the Liquid Network, per a press release sent to Bitcoin Magazine.” In order to develop a trustless automatic protocol, Bitmatrix leverages a series of Tapscript opcodes such as: transaction introspection, 64-bit maths, and elliptic curve operations, otherwise understood as covenants.Following the initial beta release, Bitmatrix has decreased its charges and increased concurrency from 8 to 32 slots, suggesting each liquidity swimming pool can handle up to 32 trades per minute, and this volume is anticipated to increase with more updates. “Moving forward were looking forward to hearing your feedback and rolling out a more optimized version with new clever contracting language Simplicity in Q4 2023,” added Keceli.The Liquid network is a layer 2 scaling option that leverages a sidechain to develop a 2-way peg in between BTC and Liquid assets.