Core DAO, the only Layer 1 blockchain that combines the decentralization and security of Bitcoin with the scalability and utility of Ethereum, announces a unique integration with LayerZero, an omnichain interoperability protocol, and Avalanche to expand access to Bitcoin (BTC) through a BTC.b token bridge.
This integration allows Core users to convert their Bitcoin into BTC.b using LayerZero’s token bridge. Then, users can transfer and access BTC.b on the Core blockchain and immediately use it on Core dApps and decentralized exchanges. By enabling access to a Bitcoin-backed asset and expanding on the existing symbiotic relationship Core has with Bitcoin, BTCB.b will allow for unique developments atop a scalable, EVM-compatible Core.
Core network utilizes a novel consensus mechanism called Satoshi Plus, which integrates Delegated Proof of Stake and Proof of Work via an incentive structure that rewards Bitcoin miners for delegating their hash power to Core. Currently, more than 40% of
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