From solana to Bitcoin Bridge Zeus Network Targets Q3 2024
Zeus Network announces its anticipated launch Zeus We will launch the Program Library (ZPL) by the third quarter of 2024. This new development Solana (LEFT) And Bitcoin (BTC) Seamlessly moving ecosystems, ZPL will encourage activity on both blockchain networks by enabling developers to integrate Solana support into decentralized applications.
Zeus Network’s initiative will introduce ZPL assets designed to be fungible or non-tradeable. These assets aim to facilitate a range of digital interactions. This includes decentralized finance (DeFi), gaming finance (GameFi) and social finance (SosyalFi) on Solana. Previously these were difficult to implement in the Bitcoin blockchain due to their inherent limitations.
With an estimated market value of $1.2 trillion, integration offers significant potential. In its first week, more than 11,000 Runes generated more than $135 million in revenue. This highlights the significant activity and financial involvement in the Bitcoin ecosystem that ZPL aims to benefit from.
Apollo Protocol Will Enable Bitcoin-Solana Transfers
The bridging protocol Apollo plays a very important role in the ZPL framework. It allows users to deposit Bitcoin and receive ZPL-wrapped zBTC tokens in return. These tokens can then be used on various platforms in the Solana ecosystem. Platforms include decentralized exchanges and NFT marketplacesas well as the lending, borrowing and gaming industries.
Future expansions for ZPL-backed assets are on the way in Solana, including Bitcoin Runes and ordinals. These are set to be called zRuneX and zOrdX respectively. Additionally, Zeus Network plans to enable Bitcoin staking on the Apollo mainnet within the same time frame. These developments are expected to increase the flexibility and usefulness of digital assets on both blockchain networks.
Key industry figures support Zeus Network’s technological advancements. co-founder of Solana Anatoly Yakovenko and Stacks co-founder Muneeb Ali are supporting the project. Their support underlines the credibility and potential impact of the Zeus Network within the blockchain community.
Zeus Network Will Transform Blockchain Usage
The launch of Zeus Network’s ZPL represents a significant step forward in bridging the two largest blockchain ecosystems. By enabling the seamless transfer and use of assets between Solana and Bitcoin, ZPL can catalyze further innovation and integration within the decentralized application space.
Latest developments in the Bitcoin ecosystem, Bitcoin Runes and Ordinals protocols revived his abilities. These protocols have expanded the functionality of the Bitcoin blockchain, enabling it to support a wider range of digital assets. Last month, for example, Order Exchange integrated with the Bitcoin Runes protocol. This integration allowed the issuance of fungible tokens on the native Bitcoin network.
Also read: Bitcoin (BTC) Now Worth Less Than 25 Ounces: Peter Schiff
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Maxwell is a crypto-economic analyst and Blockchain enthusiast who is passionate about helping people understand the potential of decentralized technology. I write extensively on topics like blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its effects on economic freedom and social well-being.
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