In Temporary
Bitlayer has partnered with Sundial to develop a BitVM-based Bitcoin bridge, enabling two-way interoperability between Bitcoin and belongings throughout the Cardano ecosystem.
Layer 2 Bitcoin scaling platform Bitlayer introduced a collaboration with Sundial, a hybrid Layer 2 protocol constructed on Cardano, to develop a Bitcoin bridge primarily based on the BitVM framework, designed to allow two-way interoperability between Bitcoin and belongings throughout the Cardano ecosystem. In keeping with present progress updates, the BitVM Bridge is in its closing testing stage and is predicted to go dwell on the mainnet later this month.
Cardano, which operates as a proof-of-stake blockchain, at the moment hosts greater than 1,990 initiatives growing decentralized functions on its community. The upcoming integration of the BitVM Bridge might introduce a trust-minimized methodology of accessing Bitcoin’s liquidity for these functions.
The initiative goals to permit Cardano-based customers to work together with Bitcoin’s liquidity and safety features, present BTC holders with entry to Cardano’s software layer and transaction capability, and promote enhanced interoperability throughout blockchain networks.
Sundial features because the Optimistic Rollup Layer 2 answer throughout the Cardano community. This joint effort with Bitlayer is meant to decrease limitations for Bitcoin liquidity entry, giving BTC holders a option to interact straight with decentralised finance (DeFi), non-fungible tokens (NFT), and different decentralized companies on Cardano, whereas additionally bringing new BTC-based liquidity into the ecosystem. BitVM Bridge, as developed below Bitlayer, has already shaped alliances with six different blockchains and protocols—specifically Base, Starknet, Arbitrum, Sonic, Plume Community, and Sundial—with plans to increase its community integration additional.
What Is Bitlayer And Bitcoin Digital Machine?
Bitlayer is a Layer 2 blockchain answer developed on prime of the Bitcoin community, aiming to enhance scalability and programmability whereas sustaining the foundational integrity of Bitcoin’s base protocol. The platform applies the Bitcoin Digital Machine (BitVM) framework to introduce Turing-complete good contract performance, which makes it potential to create decentralized functions and monetary companies straight on Bitcoin’s underlying infrastructure.
By the implementation of BitVM, Bitlayer helps the execution of superior computational logic and good contracts, enabling a broader vary of decentralized use instances with out altering Bitcoin’s authentic design or compromising its safety mannequin. With the introduction of the BitVM Bridge, Bitlayer permits customers to lock their BTC on the primary Bitcoin community and obtain corresponding belongings, corresponding to Peg-BTC, on suitable Layer 2 programs, supporting safe and environment friendly cross-chain asset motion.
Disclaimer
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and interact readers within the ever-evolving panorama of digital finance.
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