Bitlayer, a prominent member of the BitVM Alliance, is partnering with Xverse Wallet to integrate the BitVM Bridge into the wallet’s interface.
This collaboration aims to facilitate the adoption of BitVM technology in the growing Bitcoin DeFi ecosystem, allowing users to access the BitVM Bridge seamlessly through their Xverse Wallet.
Integrating the BitVM Bridge into the Xverse wallet aims to simplify access for users interested in BitVM-based applications, which offer enhanced functionalities on the Bitcoin network in a trust-minimized way. Bitlayer is committed to expanding the BitVM ecosystem, having launched BitVMNet, an open Bitcoin Signet test network for developers to build and test their applications. The testnet version of the BitVM Bridge has also been updated on BitVMNet, introducing new Mint and Unmint functions for testing purposes.
It is not limited to the Bitcoin network alone. The BitVM Bridge currently supports Ethereum and has ambitious plans for expansion to include other prominent Layer-2 solutions and alternative Layer-1 blockchains such as Base, Starknet, Arbitrum, Plume, and Sonic SVM. This multi-chain approach is geared towards creating a unified and liquid network across various blockchain ecosystems.
By making the BitVM Bridge more accessible through Xverse Wallet and actively supporting development on BitVMNet, Bitlayer is positioning itself as a key player in the evolution of Bitcoin’s utility and functionality. Similarly, TNA Protocol recently became the first naming protocol on a Bitcoin Layer 2 solution through a collaboration with Bitlayer Labs. This partnership allows TNA to support Bitlayer’s extensive ecosystem by mapping human-readable names (‘Tapnames’) to Bitcoin addresses, simplifying transactions. Like ENS on Ethereum, this system aims to improve user interaction and facilitate asset transfers to and from the Bitlayer network. TNA also introduced its $BN token to complement its existing $TNA token, aiming to enhance its market position amid significant growth in the Bitcoin Layer 2 ecosystem.
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