BTCFI EXPLAINED: HOW ELASTOS USES BITCOIN'S SECURITY TO POWER DEFI

Summary from the TLDR Crypto newsletter

Elastos uses Bitcoin's proof-of-work, maintained through merged mining, as a settlement layer while using faster consensus methods for smart contracts and transactions. This hybrid model enables seamless cross-chain interoperability by allowing assets and data to move efficiently between Elastos and other blockchains.