Internec Computer intends to roll out BTC and ETH

Internec Computer intends to roll out BTC and ETH

The Internet Computer has released a roadmap for 2022 and beyond, revealing plans to roll out integrations with Bitcoin and Ethereum by the end of the year.

The Internet Computer is a public blockchain and protocol that enables developers to install intelligent contracts and decentralized applications straight on the blockchain. It was set and launched in May 2021 after years of development by Dfinity, a nonprofit based in Zurich.

The direct Bitcoin integration will be a part of Dfinity’s “Chromium Satoshi Release,” in Q1 2022. Moreover, it will add smart contracts to the Bitcoin blockchain using “Chain Key cryptography,” substituting the need to use a bridge, which could open the network up to malicious actors.

Dfinity community member Berto Parga Pena described that Chain Key cryptography is one of the essential breakthroughs enabling the Internet Computer to scale to millions of nodes.

Meanwhile, integration with Ethereum should come in Q3 2022 with the “Vanadium Vitalik Release.”

Multichain Future Approaching

In fact, Dfinity has prioritized the integrations. It will facilitate its vision for a “multichain future.”

Moreover, if Bitcoin is going to be around forever, how do we provide it? The best user experience is to connect all these networks directly.

In December, Dfinity promoted smart contracts (named “Canisters” in its ecosystem) to hold their balances of ICP tokens. The ICP sustains 250,000 queries per second, executed with one to two-second transaction finality.

On Friday, Cointelegraph wrote that the Internet Computer blockchain had admitted its first decentralized exchange (DEX), Sonic. Furthermore, it has at least two other exchanges in the works.

Moreover, approaching Polychain Capital-backed DEX InfinitySwap seems to orient itself to capitalize on this forthcoming integration with Bitcoin. As stated, users will stake their Bitcoin (BTC) as liquidity providers.

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