Flare has received a 7-figure SuperGrant from Algorand to build a Bitcoin bridge that will help support the growth of a robust Algorand ecosystem.
In recent months, blockchain bridges have been making the headlines with the Solana Wormhole bridge hack of $200 million, followed closely by the Axie Infinity Ronin Bridge hack of $615 million.
With ongoing bridge vulnerabilities, security must be a higher priority in the future.
Flare announced details of the partnership in a tweet disclosing the four main tenants of the partnership: to safely deliver #Bitcoin to Algorand, to engineer a $BTC FAsset, to integrate consensus to enhance bridge security, and receipt of a 7 figure Supagrant from Alogrand.
Very excited to announce:
We are building a #Bitcoin Bridge for @Algorand!
Safely delivering #Bitcoin to Algorand Engineering a $BTC FAsset Integrating consensus to enhance bridge security Receiving 7-figure Supagrant #Flare $FLRhttps://t.co/WU24tRe0KV
— Flare (@FlareNetworks) April 26
We współpracy z: https://cryptoslate.com/flare-announces-development-of-bitcoin-bridge-for-algorand/
