Zeus Network bridges Bitcoin to Solana, with Chainlink’s cross-chain tech

Zeus Network is leveraging the safe Chainlink CCIP and proof of reserve to bridge Bitcoin to Solana in a decentralized manner.

More and extra corporations are rolling out developments in cross-chain bridges. On Tuesday, May 20, Zeus Network, a cross-chain communications layer for Bitcoin and Solana, applied Chainlink CCIP. This broadly adopted customary for bridging crypto property now allows customers to switch Bitcoin to Solana securely.

Users can now transfer Zeus’s Bitcoin-backed token, zBTC, throughout Ethereum, Base, and Solana. All zBTC tokens are backed 1:1 by Bitcoin, which customers can confirm in actual time utilizing Chainlink’s Proof of Reserve.

According to Zeus Network founder and CEO Justin Wang, this integration is vital to addressing longstanding safety issues with cross-chain transfers. Cross-chain bridges are sometimes centralized, exposing customers to dangers resembling hacks and rug pulls.

“Wrapped BTC tokens are flawed because they aren’t decentralized — many of them still require KYC, have third-party entities involved in the trading, and ultimately take control away from the user. The Chainlink standard enables this to solve these issues and provide an enhanced experience for our users,” Justin Wang, Zeus Network.

Bitcoin liquidity is now out there on Solana

Wang emphasised that the mixing offers Bitcoin customers a decentralized method to entry DeFi on Solana, whereas additionally bringing Bitcoin liquidity to the Solana ecosystem.

“zBTC offers users a truly decentralized Bitcoin asset compatible with the Solana ecosystem, now able to be easily transferred across the most widely used chains thanks to our integration of Chainlink CCIP. We are excited to unlock the vast liquidity potential for DeFi on Solana by leveraging Chainlink, powered entirely by Bitcoin,” Justin Wang, Zeus Network.

Zeus Network isn’t the one agency that lately built-in Chainlink CCIP. For occasion, in April, Ronin, one of the vital widespread blockchain bridges, moved its legacy bridge to Chainlink’s customary. Ronin itself suffered a $650 million hack in March 2022.