Solana Reveals Proposal for Cross-Chain Bridge to Bitcoin by Q3 2024: Comprehensive Information

Solana is preparing to expand its ecosystem liquidity by establishing a connection to the Bitcoin network. The project, set for the third quarter of 2024, will be facilitated by the Zeus Network.
In an effort to connect the Solana ecosystem to Bitcoin, the Solana network is planning to introduce a state-of-the-art cross-chain bridge by Q3 2024. The Zeus Network will play a key role in facilitating this project.
The cross-chain bridge project, which will enable Solana-to-Bitcoin connectivity, will utilize the Zeus Program Library (ZPL). ZPL is a suite of Solana Virtual Machine (SVM) programs designed to bridge the gap between the two blockchain networks.
In a statement on Medium, the Zeus Network provided more details about the new bridge and its potential benefits for Solana blockchain developers and users. The bridge, powered by ZPL, will open up opportunities for decentralized activities such as GameFi, DeFi, SocialFi, and decentralized physical infrastructure networks. These activities were previously challenging to achieve on the Bitcoin blockchain due to its design limitations.
At the core of this cross-chain bridge is the Zeus Program Library (ZPL), which is built on the Solana Virtual Machine (SVM). The SVM is specifically designed to eliminate the gap between different blockchains and enable interoperability on a large scale. This will allow developers to integrate native Solana support into decentralized applications.
The SVM-based programs facilitate transactions across multiple blockchains, bridging the gap between Bitcoin and Solana. These ZPL assets can be in the form of cryptocurrencies and NFTs, further enhancing interoperability.
The Zeus Network’s Medium post highlights the potential for value transfer, citing Bitcoin’s market cap of approximately $1.2 trillion and the significant fees generated within the first week on the Bitcoin blockchain. This presents immense opportunities for value transfer.
The Zeus Network has gained support from Solana’s Co-Founder Anatoly Yakovenko and Stacks Co-Founder Muneeb Ali, adding credibility and experience to the cross-chain bridge project. This collaboration is expected to reshape the interaction between different blockchains.
The Solana-to-Bitcoin bridge will allow users to deposit their Bitcoin and receive ZPL-wrapped zBTC tokens in return. These tokens can be used across the Solana network, providing access to various decentralized applications and marketplaces.
With zBTC, users can engage in activities such as decentralized exchanges, NFT trading, borrowing, lending, gaming, and SocialFi within Solana’s vibrant community.
Experts in the industry believe that the cross-chain bridge represents a significant advancement in blockchain interoperability, offering a seamless way to transfer value between Bitcoin and Solana. It not only expands the use cases for both blockchains but also creates new opportunities for developers to innovate.
The launch of the bridge in Q3 2024 has garnered attention from the broader cryptocurrency community, as they eagerly anticipate the impact of this integration on the future of decentralized finance and cross-chain collaboration. In the meantime, developers are processing the news of the collaboration between Web3 Data Lake and query engine Subsquid with Solana-powered Neon EVM, which aims to provide easier access to on-chain data for dApp developers.
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