Crypto News
Mintlayer, a Layer-2 protocol linked to Bitcoin and decentralized finance (DeFi), announced its partnership with Salus, a Web3 security services platform, to impression Whisper Network, a Layer-3 resolution constructed on BTC. The fresh network guarantees scalability, improved privacy, and sooner transaction speeds.
Whisper Network will enable to make employ of Ethereum Virtual Machine (EVM) capabilities in a Bitcoin-connected application. Developers can even be ready to earn decentralized capabilities (DApps).
Mintlayer and Salus Will impression “Whisper Network” On L3
The partnership marks a predominant pattern in integrating Bitcoin with the blockchain ecosystem by incorporating L3 rollups with zero-knowledge (ZK) know-how. Rollups are unprejudiced blockchains the save users develop transactions and send that knowledge to Ethereum.
Mintlayer and Salus sight to provide Whisper Network with a fluid, high-efficiency, trusty, and private particular person skills whereas asserting Bitcoin‘s decentralization principles.
“Partnering with Salus is a predominant milestone in Mintlayer’s mission to revolutionize Bitcoin’s scalability. By integrating ZK, Whisper Network will toughen developers transaction flee and privacy whereas providing with phenomenal EVM capabilities to earn capabilities on top of Bitcoin. “We’re livid to work with Salus to unlock Bitcoin’s full doubtless and drive the device forward for DeFi,” commented Enrico Rubboli, Mintlayer Founder.
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Salus has skills in providing EVM ZK application solutions designed exclusively for Ethereum, making it a pioneer in zero-knowledge know-how solutions.
“The synergy between Salus’ privacy-enhancing ZK solutions and Mintlayer’s Bitcoin layer 2 scaling skills will drive innovation and adoption within the Bitcoin space whereas asserting security, privacy, and decentralization,” said Shawn Chong, Salus COO.
The Layer 3 market has a market capitalization of $713 million and a 24-hour trading quantity of $65.6 million. Necessary L3 initiatives consist of Degen (Monstrous), Xai, Orbs, Aavegotchi, and Dream Machine Token.
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Nonetheless, Layer 3 has not generated current enthusiasm amongst illustrious crypto figures. Ethereum co-founder Vitalik Buterin renowned that imposing L3 faces technical boundaries relish knowledge availability and bandwidth boundaries.
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