DeFi

Bitcoin

Enhance

Degen

Mintlayer

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/mintlayer-collaborates-with-salus-to-enhance-bitcoin-and-defi-integration/" data-wpel-link="internal">Mintlayer Collaborates with Salus to Enhance Bitcoin and DeFi Integration</a><br></p>
<p style="text-align: justify"><strong>Bitcoin</strong> and decentralized finance (DeFi) continue to strengthen their connection. In this context, Mintlayer, a Layer-2 protocol, has decided to collaborate with Salus, a Web3 security services platform, to develop Thunder Network, a Layer-3 solution built on BTC. This collaboration promises advancements in scalability, privacy, and transaction speed.</p> 
<h2 style="text-align: justify" id="what-does-the-partnership-bring">What Does the Partnership Bring?</h2> 
<p style="text-align: justify">Thunder Network will offer the ability to use <a href="https://en.coin-turk.com/ethereums-potential-rival-to-surpass-it/" data-wpel-link="internal">Ethereum</a> Virtual Machine (EVM) features in a Bitcoin-based application. This will allow developers to create decentralized applications (DApps) while leveraging Bitcoin’s robust infrastructure. The partnership could lead to a broader ecosystem and more use cases in the crypto world.</p> 
<p style="text-align: justify">The partnership aims to integrate zero-knowledge (ZK) <a href="https://newslinker.co/" data-wpel-link="exclude">technology</a> into L3 rollups, marking a significant step in Bitcoin’s Blockchain ecosystem integration. Rollups are independent Blockchains where users perform transactions and transfer this data to Ethereum. Mintlayer and Salus aim to provide a seamless, high-performance, secure, and private user experience on Thunder Network while preserving Bitcoin’s decentralization principles.</p> 
<p style="text-align: justify">Mintlayer Founder Enrico Rubboli commented on the matter:</p> 
<blockquote> 
 <p style="text-align: justify">“Partnering with Salus is a significant step in our mission to revolutionize Bitcoin’s scalability. By integrating ZK, Thunder Network will enhance transaction speed and privacy while providing strong EVM capabilities for building applications on Bitcoin. We are excited to collaborate with Salus to unlock Bitcoin’s full potential and shape the future of DeFi.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="layer-3-market-is-growing">Layer-3 Market is Growing</h2> 
<p style="text-align: justify">The Layer 3 <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">market</a> has a market value of $713 million and a 24-hour trading volume of $65.6 million. Prominent L3 projects include Degen (<strong>Base</strong>), Xai, Orbs, Aavegotchi, and Dream Machine Token.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-352965 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/L3-token.png" alt="" width="1697" height="626"></p> 
<p style="text-align: justify">However, <strong>Layer-3</strong> has not generated widespread excitement among significant crypto figures. Ethereum co-founder Vitalik Buterin noted that L3 faces technical challenges such as data availability and bandwidth.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/mintlayer-collaborates-with-salus-to-enhance-bitcoin-and-defi-integration/" data-wpel-link="internal">Mintlayer Collaborates with Salus to Enhance Bitcoin and DeFi Integration</a></h5>

Mintlayer Collaborates with Salus to Enhance Bitcoin and DeFi Integration

Table of Contents

COINTURK NEWS

Other articles published on May 18, 2024

2 cryptocurrencies to reach $50 billion market cap in the first half of 2024

Vitalik Buterin Addresses Major Concerns by Ethereum Community

Evaluating the Rise of Dogecoin, Toncoin, and BlockDAG Following BDAG’s Dashboard Upgrade: Leadin...

Will Chain Abstraction Be The New Emerging Trend in 2024?

Bitcoin pool mines seven blocks in a row, raises security concerns

Rebel Satoshi Presale Emerges As A Top Investment Option As Enthusiasts Consider Binance Coin And...

Join our free newsletter for daily crypto updates!