BREAKING
494d 3h ago

Bitlayer Partners with Chainlink to Enhance Bitcoin’s Cross-Chain Capabilities with CCIP Integration

BTC

BTC/USDT

$68,459.75
-3.48%
24h Volume

$25,688,978,986.00

24h H/L

$71,632.08 / $68,176.47

Change: $3,455.61 (5.07%)

Long/Short
64.8%
Long: 64.8%Short: 35.2%
Funding Rate

-0.0000%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$68,508.28

-3.36%

Volume (24h): -

Resistance Levels
Resistance 3$74,065.47
Resistance 2$71,522.78
Resistance 1$68,972.35
Price$68,508.28
Support 1$68,366.76
Support 2$66,124.73
Support 3$62,969.93
Pivot (PP):$69,368.24
Trend:Downtrend
RSI (14):46.8

On October 29, in a significant development within the blockchain ecosystem, Bitlayer, a project dedicated to enhancing Bitcoin’s scalability, announced a pivotal alliance with Chainlink. This partnership aims to implement Chainlink’s renowned Cross-Chain Interoperability Protocol (CCIP) as a foundational infrastructure for cross-chain functionalities. Through this integration, Bitlayer will empower developers to create innovative and feature-rich applications that leverage cross-chain capabilities for the expansion of the BTCFi ecosystem.

Bitlayer’s co-founder, Charlie Hu, expressed enthusiasm about the collaboration, highlighting the necessity for robust security to facilitate their cross-chain ambitions. He noted, “Integrating the industry-standard Chainlink CCIP into our framework significantly enhances Bitlayer’s operational efficiency and security, making this partnership a strategic fit.” This integration marks a crucial step towards fostering greater adoption and utility of Bitcoin within multi-chain environments.

Share News:
Don't Miss Breaking News