Image default
Blockchain

Internet Computer to Integrate with Bitcoin and Ethereum by the End of 2022

Internet Computer has launched a roadmap for 2022, saying it should roll out the integration of Bitcoin and Ethereum by the finish of 2022.

Internet Computer is the world’s first decentralized public community with a vast capability established by the DFINITY Foundation, a non-profit group based in 2016 by Dominic Williams in Zurich, Switzerland. Its perform is to present public web providers and enable back-end software program to be hosted on the community.

This decentralized cloud computing platform helps software program builders freely share their open-source software program frameworks on the Internet with out counting on know-how giants similar to Amazon and Facebook or servers and industrial cloud providers.

The integration of Bitcoin and Ethereum launched this time will substitute bridges, which malicious builders typically use to get into the community.

Internet Computer will first launch the Bitcoin integration in Q1 2022 as half of the “Chromium Satoshi Release”. And an integration plan with Ethereum can be launched in the third quarter of 2022.

The integration will use “chain key encryption” to add good contracts to the Bitcoin blockchain, stopping malicious assaults.

In a roadmap submit on January 29, Dfinity Product Director Diego Prats stated that the major objective of this challenge is as follows:

(1) Making highly effective good contract performance obtainable for Bitcoin transactions; (2) enabling Bitcoin transactions with quick finality and low transaction price.

Diego Prats mentioned that:

“Smart contracts on the Internet Computer will be able to hold, send and receive Bitcoin, without the need for private keys.”

The particular measures for the integration plan with the Ethereum chain haven’t but been disclosed.

According to Coinmarketcap, its native token- the ICP token, is presently the thirty fourth largest cryptocurrency by market cap with a market cap of $3,758,410,403; at the time of writing, ICP was buying and selling at the price of $18.81.

Image supply: Shutterstock

Related posts

LocalBitcoins Hits New Milestone, Reaching 200,000 Mobile App Downloads

Crypto Advisor

Software Provider Lukka Raises $110M in Series E at $1.3B Valuation

Crypto Advisor

Decentralized Information Markets Platform Polymarket to Pay Civil Fine of $1.4M, Violating Unregistered Swaps

Crypto Advisor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

bitcoin
Bitcoin (BTC) $ 20,370.46 4.21%
ethereum
Ethereum (ETH) $ 1,362.25 3.36%
tether
Tether (USDT) $ 1.00 0.22%
usd-coin
USD Coin (USDC) $ 1.00 0.09%
bnb
BNB (BNB) $ 298.13 4.14%
binance-usd
Binance USD (BUSD) $ 1.01 0.55%
cardano
Cardano (ADA) $ 0.43759 2.27%
xrp
XRP (XRP) $ 0.485239 5.30%
polkadot
Polkadot (DOT) $ 6.53 2.72%
solana
Solana (SOL) $ 34.31 3.82%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 3.83%
dogecoin
Dogecoin (DOGE) $ 0.065635 8.88%
staked-ether
Lido Staked Ether (STETH) $ 1,353.64 3.39%
matic-network
Polygon (MATIC) $ 0.841872 4.97%
tron
TRON (TRX) $ 0.062503 1.78%
dai
Dai (DAI) $ 1.00 0.06%
avalanche-2
Avalanche (AVAX) $ 17.51 2.65%
ethereum-classic
Ethereum Classic (ETC) $ 27.93 1.90%
leo-token
LEO Token (LEO) $ 4.23 1.37%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 20,353.45 4.13%
uniswap
Uniswap (UNI) $ 6.74 2.20%
litecoin
Litecoin (LTC) $ 55.50 3.32%
cosmos
Cosmos Hub (ATOM) $ 13.13 2.21%
okb
OKB (OKB) $ 15.75 2.09%
ftx-token
FTX (FTT) $ 25.24 1.94%
terra-luna
Terra Luna Classic (LUNC) $ 0.000311 1.54%
near
NEAR Protocol (NEAR) $ 3.64 2.42%
chainlink
Chainlink (LINK) $ 7.76 7.23%
crypto-com-chain
Cronos (CRO) $ 0.11168 2.17%
monero
Monero (XMR) $ 147.22 4.53%
stellar
Stellar (XLM) $ 0.119887 2.33%
bitcoin-cash
Bitcoin Cash (BCH) $ 121.95 5.12%
algorand
Algorand (ALGO) $ 0.360386 1.88%
flow
Flow (FLOW) $ 1.72 2.43%
vechain
VeChain (VET) $ 0.024205 3.24%
eos
EOS (EOS) $ 1.20 1.97%
internet-computer
Internet Computer (ICP) $ 6.18 2.02%
filecoin
Filecoin (FIL) $ 5.62 1.74%
chain-2
Chain (XCN) $ 0.073099 0.45%
frax
Frax (FRAX) $ 1.00 0.16%
hedera-hashgraph
Hedera (HBAR) $ 0.058776 1.51%
decentraland
Decentraland (MANA) $ 0.706669 1.93%
apecoin
ApeCoin (APE) $ 5.30 2.86%
the-sandbox
The Sandbox (SAND) $ 0.853043 2.98%
tezos
Tezos (XTZ) $ 1.47 1.96%
quant-network
Quant (QNT) $ 142.92 1.90%
axie-infinity
Axie Infinity (AXS) $ 13.00 3.61%
aave
Aave (AAVE) $ 79.11 4.69%
lido-dao
Lido DAO (LDO) $ 1.58 3.07%
elrond-erd-2
Elrond (EGLD) $ 56.16 6.49%
theta-token
Theta Network (THETA) $ 1.09 2.92%
true-usd
TrueUSD (TUSD) $ 1.00 0.14%
chiliz
Chiliz (CHZ) $ 0.219987 0.16%
bitcoin-sv
Bitcoin SV (BSV) $ 49.24 1.59%
compound-usd-coin
cUSDC (CUSDC) $ 0.022687 0.15%
paxos-standard
Pax Dollar (USDP) $ 1.00 0.25%
kucoin-shares
KuCoin (KCS) $ 9.26 0.90%
bittorrent
BitTorrent (BTT) $ 0.00000078968758 1.49%
ecash
eCash (XEC) $ 0.000042 3.94%
the-graph
The Graph (GRT) $ 0.101717 4.07%
iota
IOTA (MIOTA) $ 0.282492 1.63%
zcash
Zcash (ZEC) $ 57.05 2.27%
huobi-btc
Huobi BTC (HBTC) $ 20,431.47 5.72%
usdd
USDD (USDD) $ 1.00 0.05%
huobi-token
Huobi (HT) $ 4.10 1.53%
evmos
Evmos (EVMOS) $ 1.43 7.17%
havven
Synthetix Network (SNX) $ 2.35 2.22%
cdai
cDAI (CDAI) $ 0.022103 0.19%
maker
Maker (MKR) $ 849.97 4.36%
bitdao
BitDAO (BIT) $ 0.484427 0.99%
klay-token
Klaytn (KLAY) $ 0.191754 1.11%
neutrino
Neutrino USD (USDN) $ 0.977172 0.16%
fantom
Fantom (FTM) $ 0.229333 2.96%
compound-ether
cETH (CETH) $ 27.22 2.91%
neo
NEO (NEO) $ 8.99 3.38%
helium
Helium (HNT) $ 5.28 7.11%
gatechain-token
Gate (GT) $ 4.39 1.71%
defichain
DeFiChain (DFI) $ 0.708088 3.61%
radix
Radix (XRD) $ 0.058858 1.84%
celsius-degree-token
Celsius Network (CEL) $ 1.38 4.44%
pax-gold
PAX Gold (PAXG) $ 1,724.59 1.77%
pancakeswap-token
PancakeSwap (CAKE) $ 4.81 4.81%
thorchain
THORChain (RUNE) $ 1.66 5.40%
osmosis
Osmosis (OSMO) $ 1.10 0.61%
zilliqa
Zilliqa (ZIL) $ 0.032078 1.95%
enjincoin
Enjin Coin (ENJ) $ 0.460734 2.31%
nexo
NEXO (NEXO) $ 0.914796 5.34%
arweave
Arweave (AR) $ 9.70 2.29%