Aurora Labs, a decentralized finance (DeFi) platform, has announced it is integrating the Bitcoin (BTC) network with the NEAR Protocol, as per the most recent updates shared with Finbold on August 13.
The move follows the launch of a Bitcoin Light Client and Relayer, itself expected to boost Web3 interoperability and drive DeFi innovation.
Aurora Labs’ Bitcoin Light Client
Aurora Labs’ Bitcoin Light Client functions as a smart contract, enabling NEAR-based decentralized applications (dApps) to verify Bitcoin transactions and access the most current Bitcoin chain state.
This is the foundation of the forthcoming Bitcoin bridge, which will allow the NEAR ecosystem to utilize BTC assets.
In addition, Aurora Labs has introduced a Relayer Service, which ensures the Bitcoin Light Client is syncronized with the Bitcoin network by updating the NEAR smart contract with the latest Bitcoin transactions.
For additional security, Proximity Labs has launched a chain signature ser
We współpracy z: https://finbold.com/aurora-labs-integrates-btc-with-near/
