Bitcoin’s (BTC) market cap is persistently in extra of fifty% of the dimensions of the whole crypto trade, which means extra funds are held in BTC than each different digital asset mixed.
With bitcoin dominance reaching multiyear highs of over 60% in the course of the present bull market, tasks constructed on different networks have been in search of methods to get a slice of the pie. Now the AI bots are giving it a go.
Synthetic intelligence-focused Ethereum layer-2 blockchain Mode is the newest to bridge to Bitcoin in an try and entry the deep wells of liquidity held in BTC.
Mode has teamed up with rollup protocol BitcoinOS (BOS) to offer AI brokers on its community permissionless entry to Bitcoin, in response to an emailed announcement on Thursday.
BOS not too long ago carried out an identical integration with the Cardano community, activating its Grail bridge to facilitate the stream of BTC in that ecosystem.
The Grail bridge makes use of zero-knowledge (ZK) know-how to permit property to be transferred between the respective networks. ZK proofs are cryptographic protocols that enable one get together to show a press release is true to a different with out revealing further info.
Mode is an Ethereum layer-2 constructed with Optimism’s OP Stack and goals to scale decentralized finance (DeFi) purposes via on-chain brokers powered by AI.
Learn Extra: Main Bitcoin Layer 2 Picks Optimism’s Purple-Sizzling Superchain to Hyperlink to Ethereum
