According to a new report, Dfinity plans for the technical integration of the Bitcoin network with the Internet Computer protocol.
Dfinity has come up with several developments including enabling Smart Contracts to hold their balance of ICP tokens.
The Internet Computer, a public blockchain and protocol that permits developers to install Decentralized Applications and Smart Contracts on the blockchain has in its 2022 roadmap disclosed plans to integrate Ethereum and Bitcoin. The senior technical program manager Dieter Sommer explained that the Bitcoin integration will involve two major features.
According to the report, the first is the actual technical integration of the Bitcoin network with the Internet Computer protocol.
It deals with connecting from IC nodes to nodes of the Bitcoin network, obtaining Bitcoin blocks, providing blocks through IC consensus, processing them, serving UTXO [unspent transaction output]sets to canister smart contracts, and allowing canisters to su
