Hotstuff Labs announced the public testnet for Hotstuff L1, a DeFi Layer 1 blockchain powered by DracoBFT. It features on-chain order book and finance routing layer where validators act as financial access points. Backed by top investors, Hotstuff aims to revolutionize the infrastructure for trading, payments, and settlements.

Unlike general-purpose chains, Hotstuff L1 offers validators the opportunity to become permissioned financial service providers. They unlock access to off-chain liquidity and provide last-mile connectivity for fiat-crypto on/off-ramps, payments, and FX use cases. The chain integrates with leading payment platforms, banking partners, and card programs to enable validators to earn various rewards.

Hotstuff Labs aims to create a Layer 1 blockchain that acts as a global routing layer for financial validators. By matching users with validators based on stake and performance history, Hotstuff ensures trustless verification of both on-chain and off-chain actions. The platform connects traders, remittance corridors, and card issuers on a single settlement fabric.

The Hotstuff L1 public testnet is currently open to traders, quants, builders, fintechs, stablecoin infrastructure providers, validators, and node operators. Participants can test early trading features, partner with Hotstuff Labs for new use cases, and experiment with financial service modules. Get involved in shaping the future of programmable finance with Hotstuff Labs.

Read more at Yahoo Finance: Hotstuff Labs launches Hotstuff, a DeFi native Layer 1 connecting On-Chain Trading with Global Fiat Rails