Solana-to-Bitcoin cross-chain bridge aims for Q3 2024 launch
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 01 2024Zeus Network Launches Zeus Program Library (ZPL):
- ZPL connects Solana and Bitcoin ecosystems by Q3 2024.
- Enables DeFi, GameFi, SocialFi, DePIN, and more on Solana.
- ZPL-Assets can be fungible or non-fungible, expanding opportunities.
Functionality of ZPL:
- Set of Solana Virtual Machine programs for cross-chain transactions.
- Users deposit BTC to receive ZPL-wrapped zBTC tokens for Solana activities.
- Plans to introduce zRuneX and zOrdX assets on Solana.
Bitcoin Runes and Ordinals:
- Bitcoin Runes token standard allows tokenization of real-world assets.
- Bitcoin Ordinals assigns unique numbers to satoshis for asset tracking.
Recent Developments in Bitcoin Ecosystem:
- Orders Exchange integrates with Bitcoin Runes for token issuance.
- Constructed a Bitcoin asset bridge with MicroVisionChain for BRC-20 token swaps.
Market Trends:
- BONK, POPCAT, and Solana memecoins remain strong despite Bitcoin price fluctuations.
- Bitcoin DApp ecosystem sees growth with innovative protocols like Bitcoin Runes.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
