LayerZero, the bridging protocol that allows different crypto networks to communicate with each other, plans to connect to Bitcoin sidechain Rootstock in what would be its first integration with the world’s original blockchain.
Rootstock aims to end Bitcoin’s “isolation” from other blockchains due to its lack of native smart contracts, a barrier that LayerZero is able to address, according an emailed announcement shared with CoinDesk on TK.
The Bitcoin blockchain lacks the functionality to offer smart contracts that other blockchains have and which are fundamental building decentralized finance (DeFi) services.
This lack of provision for DeFi on Bitcoin, which holds more value that every other blockchain combined, is an impediment to even greater adoption. That’s prompting developers to seeking ways of tapping into the massive liquidity that is held in bitcoin (BTC) and allowing it to be bridged to rest of the crypto world.
With the connection between Rootstock and LayerZero, developers would be able to build applications on the Bitcoin sidechain that can communicate with the over 100 other blockchains, including Ethereum and Solana, Rootstock said in the announcement.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Crypto’s capital rotation is predictable in rhythm but wild in its targets. While retail chases…
Deciding what crypto to invest in right now is getting tricky. The market is pivoting…
Crypto sentiment is shifting decisively. While Bitcoin hovers around critical resistance levels, the real capital…
Months ago, a prominent crypto analyst outlined a precise window where the Bitcoin price could…
Bitcoin Magazine Alleged Bitcoin Ransom Deepens Mystery in Nancy Guthrie Disappearance The disappearance of 84-year-old…
Recent market data has shown that Bitcoin has been trading at an extended discount on…