The decentralized finance (DeFi) ecosystem is abuzz with the recent announcement of Hotstuff Labs’ public testnet for Hotstuff L1, a blockchain technology specifically engineered for programmable finance. Powered by DracoBFT, a custom-built consensus protocol, Hotstuff L1 is set to redefine how decentralized finance connects with real-world financial operations.
What is Hotstuff L1?
Hotstuff L1 is not your typical Layer 1 blockchain solution. Designed as a high-performance and programming-friendly chain, it integrates an on-chain order book with a programmable routing layer for finance. This innovation allows validators to not only play their traditional roles in consensus but also act as financial service gateways for users worldwide.
The chain’s unique design enables validators to facilitate trades, payments, and fiat on/off-ramps, essentially functioning as real-time access points to financial services. Julien Bouteloup, Founder of Stake Capital Group, highlights, “Hotstuff Labs is creating a coherent layer that links trading, payments, and settlement into one infrastructure, perfectly aligned with the future vision of decentralized and compliant global financial access.”
Validators: The Heart of the System
On traditional blockchains, validators focus solely on ensuring block consensus. However, Hotstuff L1 transforms this role by enabling validators to act as active participants in real-world financial connectivity. They are given the ability to integrate with leading payment platforms, banking systems, and card networks, offering services such as:
- On-demand payment processing
- Access to digital remittance corridors
- Global fiat-to-crypto transactions
This innovative approach earns validators revenue while providing users seamless trustless financial transactions. With lightweight zero-knowledge proofs, the system ensures privacy and trust in both on-chain and off-chain activities.
Hotstuff L1 Public Testnet: Open to Innovators
The public testnet has officially gone live, welcoming developers, validators, and partners to explore and leverage this breakthrough technology. This beta phase offers a trial run for the project’s ambitious objective: to connect traders in Asia, remittance networks in LATAM, and card providers in Europe—all within a single decentralized infrastructure.
If you’re intrigued by the future of programmable finance, explore the Hotstuff L1 testnet today and join the ranks of revolutionary innovators.
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About Hotstuff Labs
Hotstuff Labs is at the forefront of building purpose-driven blockchain technology. With expertise spanning finance, trading, consensus mechanisms, and cryptoeconomics, the team is pioneering a global routing layer that seamlessly integrates payments, trading, and remittances. Backed by industry leaders like Delphi Digital, Stake Capital, and more, Hotstuff Labs is shaping the decentralized economy of tomorrow.
