Bitlayer announces the launch of the Finality Bridge testnet — the first trust-minimized BTC bridge powered by BitVM and Bitcoin technologies.
Evolution of BTC Bridges
BTC bridging technologies have undergone significant changes. The first generation relied on centralized custodians, introducing trust dependencies. The second generation improved security with distributed custodians, yet maintained vulnerabilities. The current third generation uses smart contracts, providing maximum security and trust minimization.
Features of Finality Bridge
Finality Bridge allows the minting of BTC into Yield BTC tokens with minimal security loss. The protocol is based on BitVM, ensuring a strict 1:1 peg between tokens and BTC, allowing users to engage in DeFi across different blockchain platforms.
Future of Bitlayer Finality Bridge
Finality Bridge enhances the integration of BTC into decentralized ecosystems, adapting to various blockchain chains. Future updates will focus on improving user experience and expanding functionality, positioning Bitlayer as a leader in BTCFi.
Finality Bridge is a significant step forward in BTC bridging, offering reliability and trust minimization, broadening the use of Bitcoin in decentralized ecosystems.
