zkBTC bridge mainnet goes live, unlocking Bitcoin cross-chain liquidity

The ZKBTC bridge from Lightec goes dwell on MAINNET and marks a brand new part for Bitcoin when it enters the period of the cross-chain liquidity.

The ZKBTC Bridge has been formally launched on Mainstet, in order that an necessary milestone for the Lightec group is marked after greater than two years of improvement. The announcement follows the profitable conclusion of the take a look at community part, which ended on July 1. By which customers can earn factors by taking part in TestNet interactions. The take a look at community is in flip primarily based on earlier group exams, together with the Beta V3 “Odyssey” marketing campaign launched In December final yr, by which customers earned ZKBTC factors convertible in Airdrops.

Now dwell, the ZKBTC bridge Bitcoin (BTC) allows holders to unlock Defi yields by bridging BTC to Ethereum (ETH) safely and with out intermediaries.

Furthermore, the group has introduced that the Zenkeeper is presently growing, a brand new protocol that eliminates off-chain verification in BTC-Energetic challenge with the assistance of zero information certificates. Work additionally continues on OPKP, a Bitcoin-Native Layer 2 protocol that makes use of ZKPs and the Op_ZKP Copcode to stimulate scalability and safety within the ecosystem.

The ZKBTC bridge is the primary totally zero-knowledge proof-based bridge between Bitcoin and Ethereum. This enables customers to deposit BTC right into a ZKP-managed tackle. As soon as confirmed on the Bitcoin community, an off-chain certificates is generated and verified by an Ethereum Sensible contract, which then ZKBTC, a 1: 1 Bitcoin-Pegged ERC-20 token pepperminth. The identical course of works reversed for repayments, in order that customers can convert ZKBTC again to BTC at any time.

Constructed to be totally decentralized and protected, the bridge trusts trusted multisig custody, minimal prices and a consumer -friendly interface. It integrates with Defi protocols and is supported by partnerships in main crypto infrastructure suppliers.