DFINITY Foundation, the not-for-profit organization contributing to the development of the Internet Computer (IC) — a high-speed, internet-scale public blockchain — has announced today the Internet Computer’s mainnet integration with Bitcoin, bringing smart contract functionality to the cryptocurrency.
Now, the Internet Computer can serve as a layer-2 for Bitcoin where smart contracts on the Internet Computer can hold, send and receive bitcoin natively, without the need for bridges or other 3rd-parties. This provides a trustless foundation for varied DeFi and web3 applications seeking to code Bitcoin.
“Blockchains are like walled gardens, incapable of interaction between one another. When this comes to Bitcoin, applications, such as DeFi applications, that could benefit most from interacting with the world’s largest cryptocurrency do not have the ability to do so. The Internet Computer’s integration with Bitcoin is a true ga ..
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