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Reading: Important Step in Bitcoin and Solana Integration
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EdaFace Newsfeed > Latest News > Altcoin News > Important Step in Bitcoin and Solana Integration
Altcoin News

Important Step in Bitcoin and Solana Integration

vitalclick
Last updated: December 31, 2024 2:06 am
2 months ago
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Zeus Network, Bitcoin $93,746.2Introduced zBTC, the tokenized version of , on the Solana network. This development aims to increase cross-chain liquidity and expand decentralized finance (DeFi) options, while offering new return opportunities to Bitcoin investors.

zBTC Will Grow Solana’s DeFi EcosystemZeus Network

zBTC Will Grow Solana’s DeFi Ecosystem

Zeus Network has successfully launched zBTC, representing Bitcoin on the Solana network in a secure and transparent manner. zBTC allows users to interact with DeFi applications via Solana while maintaining the inherent security aspect of BTC. After the announcement, there was an increase of over 4% in the price of the ZEUS token.

The zBTC launch announced by the network provides a significant transition between the Bitcoin and Solana networks. Bitcoin investors can earn profits without compromising the security of their BTC by investing their assets in Solana’s DeFi market.

“Zeus Network and Guardians are redefining Bitcoin’s use of liquidity and providing permission-free paths for Bitcoin integration on Solana.” – Justin Wang, CEO of Zeus Network

Zeus Network

Zeus Network’s ZeusNode architecture and Zeus Program Library (ZPL) are key components of this innovation. These technologies enable verification, tokenization and transactions on the Solana network without changing Bitcoin’s original protocol. The cross-chain liquidity solution offers safer, cheaper and faster transactions between Bitcoin and Solana networks.

Network, Dogecoin by 2025 $0.321368Litecoin $102.0 and aims to include UTXO-based cryptocurrencies such as Kaspa into the ecosystem.

Zeus Network plans to bring 1% of its Bitcoin liquidity to Solana by mid-2025 to develop its ecosystem. It aims to strengthen its position in the cross-chain DeFi market by managing 2,250 BTC during this period. Additionally, the Zeus Program Library will be made open source in 2025, which will encourage developers to develop new applications within the Zeus ecosystem.

“The first permissionless BTC is now launched on Solana!” – Zeus Network

Zeus Network continues to offer innovative solutions in the DeFi ecosystem with the integration of zBTC into the Solana network. This development aims to provide Bitcoin investors with broader investment opportunities and safe earning opportunities, while also increasing inter-network liquidity flow.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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