Elastos announces BTC Oracle that will make EVM compatible chains Bitcoin L2
Blockchain project Elastos announced the launch of BTC Oracle, a solution that will make all EVM-compatible chains become Bitcoin L2. Elastos states that BTC Oracle is part of Elastos' BTC L2 "BeL2", which is a BTC L2 that can directly develop and manage Bitcoin native smart contracts. Elastos' BTC Oracle acts as a zero-knowledge proof data provider source, providing real-time Bitcoin information for EVM smart contracts. A prototype has been provided to demonstrate how to stake ELA in exchange for Bitcoin rewards.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
VeChain Revolutionizes NFT Access with Free PofP Badge Tool
21Shares Polkadot Trust Hints at ETF Possibilities for Investors
ETH breaks through $3,400
Flockerz Vote-to-Earn ICO Raises $7.4 Million – Next 25x Crypto Gem?