U.Immediately – attained a key milestone this week with the mainnet launch of anetaBTC. The protocol, which brings on-chain wrapped BTC to blockchains, noticed its deployment on the mainnet on Aug. 8, marking a giant step ahead in blockchain interoperability.
This long-awaited occasion brings to the Cardano ecosystem, permitting customers to effortlessly work together with each cash.
The combination of wrapped Bitcoin with the Cardano ecosystem is noteworthy as a purposeful endeavor to attract a wider viewers and whole worth locked (TVL) from Bitcoin, which now has the best market capitalization of $572 billion. Bitcoin wrapped by way of the anetaBTC protocol is called cBTC.
Now, in one other milestone alluding to the profitable launch of the anetaBTC protocol, Bitcoin has been efficiently minted on the Cardano mainnet.
In a brand new tweet, anetaBTC shared a screenshot exhibiting new BTC efficiently minted on Cardano. This quantity was 1.706 cBTC. Per the tweet, 6.19 cBTC have been minted on the Cardano mainnet in whole.
AnetaBTC guarantees future protocol upgrades in what’s coming following its launch. AnetaBTC V2 with multisig is nearing its launch, however there’s nonetheless extra work to be executed, despite the fact that the present contracts assist V2.
Notable week for Cardano
Cardano noticed notable developments through the week. As acknowledged in IOG’s most up-to-date , node v.8.2.1-pre was tagged and prereleased to be used on SanchoNet, a brand new improvement community created to introduce the Cardano group to governance options from CIP-1694 and to construct and check collectively in a managed setting.
Additionally within the week, the Lace group launched Lace v.1.4 with new options, “ADA Deal with” assist enhancements and bug fixes. On Aug. 10, the Challenge Catalyst Stage 2 group assessment additionally started.
This text was initially revealed on U.Immediately
