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COINTURK NEWS > Bitcoin (BTC) > LayerZero and Bitcoin Forge New Connections in the Crypto Space
Bitcoin (BTC)

LayerZero and Bitcoin Forge New Connections in the Crypto Space

In Brief

  • LayerZero will connect Bitcoin with other networks for improved functionality.

  • Rootstock aims to provide smart contract capabilities for Bitcoin applications.

  • Integration enhances the potential use cases for Bitcoin in the crypto ecosystem.

Fatih Uçar
Fatih Uçar 3 months ago
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The LayerZero protocol, designed to facilitate communication across various networks in the cryptocurrency realm, plans its first integration with the Bitcoin $103,266 network. This initiative aims to strengthen technological infrastructure, enabling a more efficient utilization of digital assets.

Contents
Bitcoin and Smart Contract CapabilitiesTechnological Advancement

Bitcoin and Smart Contract Capabilities

Rootstock seeks to eliminate the isolation caused by Bitcoin’s lack of native smart contract support. Unlike Bitcoin’s limited functionality, this protocol is focused on developing infrastructure that offers smart contract capabilities found in other networks. This advancement will allow for a broader application of crypto assets and enable more efficient value transfers.

Despite Bitcoin’s prominence in market value and liquidity, its absence of essential technological features like smart contracts (which Taproot does not fully provide) hinders integration with other systems. Consequently, developers are in search of new methods to tap into Bitcoin’s significant liquidity potential.

Technological Advancement

The connection between LayerZero and Rootstock will enable developers to create applications on the Bitcoin sidechain, allowing interaction with over 100 other networks, including Ethereum $2,476 and Solana $166.

Rootstock: “LayerZero integration will enable applications developed on the Bitcoin sidechain to communicate with other networks.”

With this integration, the technological shortcomings of Bitcoin are expected to be addressed, providing new functionalities within the digital asset ecosystem. Developers aim to reach wider application areas through infrastructure that enables multi-chain interaction.

Keeping abreast of technological developments in the crypto world can enhance application efficiency and contribute to the market from various perspectives. This integration step is seen as crucial for evaluating the potential to expand the usage of digital assets.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 21 February, 2025 - 2:05 am 21 February, 2025 - 2:05 am
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