crypto.news
2024-12-12 20:57:06

Zeus Network validates first Bitcoin transaction on Solana

Zeus Network has validated the first Bitcoin transaction on the Solana blockchain. On Dec. 12, Zeus Network achieved a historic milestone by successfully validating the first Bitcoin transaction on Solana using its infrastructure. According to a release by Zeus, this development bridges the gap between two distinct blockchain ecosystems, enabling Bitcoin transactions to leverage Solana’s fast and cost-effective infrastructure. Bitcoin ( BTC ) and Solana ( SOL ) operate on separate protocols, with Bitcoin utilizing proof-of-work and Solana combining proof-of-history with proof-of-stake. Zeus Network’s ( ZEUS ) infrastructure acts as a bridge, allowing Bitcoin to be tokenized and transacted on Solana without altering Bitcoin’s original protocol. BREAKING: @solana can now validate Bitcoin transaction! Here’s what happened 🧵 👇🏻 pic.twitter.com/jykyZQmpyF — Zeus Network 🟧⛈️🟣 (EPOCH 1) (@ZeusNetworkHQ) December 12, 2024 The process involved replicating Bitcoin’s blockchain on Solana using Zeus Network’s core components — the ZeusNode Operator and Zeus Program Library. Bitcoin transactions are verified, locked, and pegged to Solana’s ecosystem, creating a pathway for Bitcoin liquidity to flow into Solana-based decentralized finance applications. You might also like: Dogecoin and Shiba Inu backers look to XYZVerse for its unmatched 99x growth potential Future Zeus integrations Zeus Network plans to expand this integration further, according to their release. Its roadmap includes onboarding 1% of Bitcoin liquidity onto Solana by mid-2025 and incorporating other UTXO-based assets like Litecoin ( LTC ), Dogecoin ( DOGE ), and Kaspa ( KAS ). By that time, ZeusNode is hoping to manage approximately 2,250 BTC. Additionally, the network plans to open-source the Zeus Program Library in early 2025, encouraging developers to build applications on its infrastructure. This initiative is expected to attract decentralized application (dApp) projects, enhancing cross-chain interoperability within the ecosystem. You might also like: Valour adds 20 crypto ETPs to Sweden’s Spotlight Stock Market

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.