Bitcoin’s (BTC) market cap is persistently in extra of fifty% of the scale of the overall crypto business, that 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, initiatives constructed on different networks have been on the lookout for 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 most recent to bridge to Bitcoin in an try to entry the deep wells of liquidity held in BTC.
Mode has teamed up with rollup protocol BitcoinOS (BOS) to present AI brokers on its community permissionless entry to Bitcoin, based on an emailed announcement on Thursday.
BOS just lately carried out an identical integration with the Cardano community, activating its Grail bridge to facilitate the move of BTC in that ecosystem.
The Grail bridge makes use of zero-knowledge (ZK) expertise to permit property to be transferred between the respective networks. ZK proofs are cryptographic protocols that enable one social gathering to show an announcement is true to a different with out revealing extra info.
Mode is an Ethereum layer-2 constructed with Optimism’s OP Stack and goals to scale decentralized finance (DeFi) functions by on-chain brokers powered by AI.
Learn Extra: Main Bitcoin Layer 2 Picks Optimism’s Purple-Scorching Superchain to Hyperlink to Ethereum