DFINITY Foundation, the not-for-profit company adding to the advancement of the Internet Computer (IC)– a high-speed, internet-scale public blockchain– has actually revealed today the Internet Computer’s mainnet combination with Bitcoin, bringing wise agreement performance to the cryptocurrency.
Now, the Internet Computer can work as a layer-2 for Bitcoin where wise agreements on the Internet Computer can hold, send out and get bitcoin natively, without the requirement for bridges or other 3rd-parties. This supplies a trustless structure for diverse DeFi and web3 applications looking for to code Bitcoin.
“Blockchains resemble walled gardens, incapable of interaction in between one another. When this concerns Bitcoin, applications, such as DeFi applications, that might benefit most from connecting with the world’s biggest cryptocurrency do not have the capability to do so. The Internet Computer’s combination with Bitcoin is a real game-changer for the market, lastly bringing clever agreement performance to Bitcoin and allowing an entire brand-new landscape of DeFi and dapp advancement never ever before possible utilizing BTC.”
— Manu Drijvers, Director of Engineering at the DFINITY Foundation
With IC combination, bitcoin can be utilized for DeFi activities like yield farming, loaning, payments, and more …
This is accomplished through the Internet Computer’s boosted Chain-key cryptography.
