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BlockBeats News: On March 2nd, the hybrid Layer2 project BOB (Build on Bitcoin) announced the official launch of the BitVM bridge on the public testnet, marking an important milestone in the development of trust minimized BTC DeFi. The BitVM bridge allows for secure BTC deposits and withdrawals on its hybrid Layer2 without relying on third-party custodians or multi signature bridges. BitVM bridged bitcoins are in an unmanaged state with minimal trust. BOB announced the establishment of a BitVM Accelerator Execution Working Group with mainstream organizations such as ZeroSync, Babylon, Anchorage, Rockaway, etc., to promote the practice and implementation of BitVM. The founding members of the BitVM Accelerator Execution Working Group include: Institutional partners: Amber, Anchorage, Ankr, ChorusOne, Hex Trust, P2P, Rockaway, Unit410, UTXO, viaBTC Capital, Wintermute; Research partner: Babylon, Bitcoin Layers, BOB, Common Prefix, Fiamma, House of ZK, RiscZero, Succinct, ZeroSync。