Bitcoin becomes interoperable with Optimism and Arbitrum

Crypto and DeFi News: Yesterday, the DFINITY Foundation, a Swiss non-profit organization focused on the development of the Internet computing blockchain, announced a solution that enables strong interoperability between Bitcoin and networks like Arbitrum, Optimism and Base .

This is the introduction of EVM RPC, an API key that allows ICP smart contracts to read and write data across different blockchains.

This is the first step to successfully reprogramming Bitcoin inside DeFi applications through the interior space of the EVM network.

Let’s see everything in detail below.

Crypto and DeFi: DFINITY Introduces EVM RPC and Allows Bitcoin to Communicate Freely with Arbitrum, Optimism and Base

Yesterday on DFINITY Foundation dropped a bombshell by announcing the integration of a API on the chain that opens maximum interoperability between Bitcoin, Ethereum and other EVM networks like Optimism, Arbitrum and Basewithout having to resort to dangerous crypto bridges or DeFi protocols.

The new tool launched by the Internet Computer team is RPC EVM: an API key that allows chain communication between smart contracts and different blockchains.

At the same time, the stablecoin ckUSDC was introduced, fully interoperable with ICP and backed 1:1 to USDC.

In practice, EVM RPC greatly simplifies the development of multi-chain dApps, making it as simple and native as if built in a single environment.

This integration represents an important step both for the DFINITY Foundation, which after several years of work and development of the Chain Fusion framework approaches to bring Bitcoin programmability into DeFiand for the entire crypto world who will be able to solve the problems of liquidity fragmentation in the liquidity.

The developers of the group, on the 3rd anniversary of ICP, announced that they will soon also introduce integration for Solana, eliminating any type of intermediary.

The road to DeFi progress has just been mapped out: Since EVM RPC is a generic protocol, developers from other ecosystems can simply add their own network API keys to increase interoperability and leverage resources from other ecosystems apart from Bitcoin, Ethereum and other EVM chains like Optimism and Arbitrum.

This new feature can enable a multitude of other innovative use casessuch as web-based multi-chain ports, cron jobs and smart contracts on Ethereum, unlimited multi-chain edge routing capability, gemelli token based on chain key redaction, elaboration prescriptions and BRC20 token and many others.

New stable coin ckUSDC for example, along with other cross-ecosystem assets of ICP, such as ckBTC and ckETH, ckUSDC represents a “dual-tokenized” multi-chain USDC that leverages chain-key cryptography and ICP smart contracts that hold directly to the original assets. It allows tokens to be sent and received with 1-2 seconds finality and negligible fees, all without the need for bridges or off-chain solutions.

All this opens the doors to multiple connections and much more freedom for crypto developerswho will be able to integrate others ERC20 tokens in their projects using ICP’s advanced interoperability features.

Regarding the new integration, Lomesh Dutta, Vice President of Growth at DFINITY, said the following:

“We are excited to offer blockchain developers even more flexibility to seamlessly integrate support for new assets into their projects. With the addition of ckUSDC and read/write APIs, dozens of different chains can now leverage ICP smart contracts to freely interact with other networks, making the Web3 ecosystem extremely more interoperable and unified as a whole.

Everyone is crazy about interoperability between Bitcoin and other blockchains

The theme of multi-chain interoperabilitywith the possibility of introducing Bitcoin into other EVM and non-EVM networks, is becoming more and more central in the crypto world, with more and more projects grappling with simplifying this process.
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Just a few years ago, it seemed unthinkable to open up to DeFi in Ethereum and others like Optimism and Arbitrum on Bitcoin, because fast and reliable communication channels did not exist.
Today, however, it seems that the challenge is being met by increasingly decentralized ecosystems, which are trying to attract the liquidity that gravitates around Bitcoin, with obvious advantages for all the native dapps in this circle.

In September last year Metamorphose introduced the innovative concept of “multichain snap”, bringing BTC, ATOM, DOGE will be held and traded natively directly on the non-custodial MetaMask walletby leveraging certain third-party services.

Also Wormhole is working to better integrate communication between Bitcoin and alternative networks like Optimism and Arbitrum, leveraging its own cross-chain interoperability framework. Likewise, other projects leverage a proprietary stack, like that of Chainlink. PICC or the omnichain version of LayerZero.

A few days ago, precisely on the topic of interoperability, strong rumors emerged regarding an alleged upcoming integration of the Metamask Walletwhich could add support for Bitcoin directly to the walletaddressing the issue of discontinuity with the DeFi and EVM world.

According to the rumors in question, the integration could take place within the next month and follows developments that MetaMask is also pursuing with the CeFi sector, such as support for Coinbase Onramp to allow cex users to operate directly on the wallet via Coinbase Pay. .

Also the Sui ecosystema high-efficiency horizontal L1 network, is improve its interoperability component with Ethereum and L2 networks like Arbitrum and Optimism, also aiming for future connections with Bitcoin.

After the partnership announced two days ago with the on-chain solutions platform Mesh, Sui facilitates the access ramp new users from different crypto communities, opening themselves to simple and effective management of their crypto finances.

The DeFi world is evolving at the speed of light.

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