What is StratoVM?

StratoVM is a Layer 2 solution designed to operate on the Bitcoin network, enabling the development and migration of Ethereum-based decentralized applications (dApps) with minimal changes due to its EVM compatibility. It leverages the security features of the Bitcoin blockchain by storing data hashes and offers a fast transaction throughput with a block time of just 2 seconds. This allows for efficient operation of decentralized finance (DeFi) applications by facilitating quick transactions and low costs.