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OP_NET

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OP_NET is a Bitcoin Layer-2 protocol designed to bring smart contract functionality and decentralized applications to the Bitcoin ecosystem. It enables developers to build DeFi, tokens, and programmable applications secured by Bitcoin while maintaining compatibility with existing blockchain tooling.

Funding Round: $5M

OP_NET White Paper Whitepaper

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What is OP_NET

OP_NET is the first consensus layer on Bitcoin, enabling fully expressive smart contracts directly on Bitcoin's Layer 1 without modifying or forking the base protocol. Unlike metaprotocols that rely on indexers (where different indexers can show different balances), OP_NET provides cryptographic proof of correct execution where every participant must arrive at exactly the same result.

OP_NET is a consensus layer on Bitcoin L1 that brings smart contracts to Bitcoin without sidechains, bridges, or Layer 2s. Contracts are written in AssemblyScript, compiled to WebAssembly, and run deterministically by OP_NET nodes. BTC is the gas token. No extra token needed.

Funding Details

Funds Raised (as of now) 5,000,000 USD

Project team

Fredo (Danny Plainview) Fosco
Fredo (Danny Plainview) Fosco
Co-founder
Fredo (Danny Plainview) Fosco linkedin-team
Samuel Patt (Chad Master)
Samuel Patt (Chad Master)
Co-founder
Samuel Patt (Chad Master) x-team

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