ZetaChain Integrates Bitcoin Liquidity Seamlessly with Solana Applications
In Brief
Thanks to its collaboration with Solana, ZetaChain is now the foremost platform that enables dApps to efficiently transact across Solana, Bitcoin, and Ethereum without hurdles.
Layer 1 blockchain, ZetaChain This noteworthy advancement allows for seamless operation of decentralized applications (dApps) across three major blockchains, creating new opportunities for cross-chain functionality.
Solana, which has rapidly become a leading blockchain player, was a strategic choice for ZetaChain’s expansion. Renowned for its minimal delays and high transaction speed, Solana is designed for real-world uses that demand efficiency, such as instant payments and non-fungible tokens (NFTs). The architecture of its technology is inspired by both the networking sector and traditional Unix systems.
With this update, Universal Apps on ZetaChain can now utilize native Solana tokens like SOL and SPL, along with Ethereum’s ERC-20 assets. This means users can effectively engage with Solana dApps and ensure interoperability with native data and assets across blockchain networks like Bitcoin, Ethereum, and emerging platforms like The Open Network (TON), which is currently in development.
Additionally, ZetaChain This feature allows for single Ethereum Virtual Machine (EVM) contracts that are deployed once yet can tap into liquidity and user bases across various chains. For example, a Curve tri-pool featuring SOL, BTC, and USDC-ETH enables users on any of these networks to swap assets directly without the complexity of token wrapping.
Users can engage with these Universal Apps directly from their chosen Solana wallets. For instance, a Solana user can transfer USDC to a recipient on the Base network or purchase an NFT on ZetaChain, transferring it to their BNB Chain wallet, all in a single action.
What Is ZetaChain?
This serves as a vital foundational layer for the decentralized web aimed at enhancing global access, user-friendliness, and fluid interactions across various blockchain platforms. By employing Omnichain Smart Contracts built on the Universal EVM, it promotes seamless integration and compatibility among different blockchain environments in the crypto ecosystem.
Recently, bitSmiley has announced its innovative Bitcoin-backed stablecoin protocol. unveiled the launch This initiative marks the debut of the first BTC-backed stablecoin protocol in conjunction with ZetaChain. Their testnet is actively live, giving users the chance to mint and explore its functionalities.
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