Zeus Network is taking advantage of the Safe Chain CCIP and the reserve test to unite Bitcoin to Solana in a decentralized way.
More and more companies are implementing advances in cross -chain bridges. On Tuesday, May 20, Zeus Network, a cross chain communications layer for Bitcoin and Solana, implemented Chainlink CCIP. This widely adopted standard to join cryptographic assets now allows users to transfer Bitcoin to Solana safely.
Users can now move the Token Bitcoins of Zeus, ZBTC, through Ethereum, Base and Solana. All ZBTC tokens are backed 1: 1 by Bitcoin, which users can verify in real time using the Chainlink reserve test.
According to the founder and CEO of Zeus Network, Justin Wang, this integration is key to addressing long -standing security concerns with cross -chain transfers. Cross chain bridges are often centralized, exposing users to risks such as hacks and carpets.
“The BTC tokens wrapped are defective because they are not decentralized: many of them still require KYC, have third -party entities involved in trade and, ultimately, eliminate user control. The chain link standard allows this to solve these problems and provide an improved experience for our users,” Justin Wang, Network.
Bitcoin Liquidity is now available in Solana
Wang emphasized that integration gives Bitcoin users a decentralized way of accessing Defi in Solana, while bringing Bitcoin liquidity to the Solana ecosystem.
“ZBTC offers users a truly decentralized bitcoin asset compatible with the solana ecosystem, now capable of easily transfer Wang, Justus Network.
Zeus Network is not the only company that recently integrated the Chainlink CCIP. For example, in April, Ronin, one of the most popular blockchain bridges, moved its bridge inherited to the Chainlink standard. Ronin himself suffered a Hack of $ 650 million In March 2022.