Elastos Unveils BTC Oracle: Enabling Dormant Bitcoin to Be Used on All Blockchains
BTC Oracle will drive Bitcoin Layer 2 adoption with the support of Elastos' zk-based, BeL2
- Singapore, Singapore--(Newsfile Corp. - March 22, 2024) - Today Elastos, a pioneer in blockchain technology, announces BTC Oracle, a radical new solution that will enable every EVM-compatible blockchain to be a Bitcoin Layer 2, representing the most comprehensive solution for cross-chain operability enabling dormant Bitcoin to used on all Blockchains.
- The BTC Oracle is part of Elastos's Bitcoin Layer 2 (BeL2), BeL2, the first Bitcoin Layer 2 to enable the direct development and management of Bitcoin-native smart contracts.
- Elastos's Bitcoin Layer 2 BTC Oracle acts as a zero-knowledge proof (ZPK) data feed that provides real-time Bitcoin information to EVM smart contracts.
- BeL2 is a suite of technologies consisting of a BTC Oracle that inputs Bitcoin-related data to EVM contracts.