We are pleased to announce that Particle Network has added BTC Connect to the Elastos ecosystem as part of our ongoing collaboration. This development enhances Elastos relationship with Bitcoin, offering users a slicker Bitcoin experience.
What This Means
- Single Wallet Use: Connect your Bitcoin wallet—like UniSat, OKX, or BitGet—directly to Elastos. This allows you to interact with both the Bitcoin network and Elastos’ smart contracts using the same wallet.
- Smart Account Assignment: When you connect, BTC Connect assigns a smart account to your Bitcoin wallet. Your Bitcoin wallet acts as the signer, so you don’t need separate accounts.
- Easy Transactions: Send and receive transactions on both Bitcoin and EVM-compatible chains without hassle. Your Bitcoin wallet’s signatures are adapted for use on these chains.
Looking Ahead with BeL2
BTC Connect sets the stage for supportive BeL2 dApp possibilities:
- DeFi Access: Soon, you might use your Bitcoin wallet to secure BTC, generate proofs for smart contracts, and obtain USD loans or issue stablecoins all in one wallet. These balances would appear in your BTC Connect account, usable across various chains.
- Unified Experience: BeL2 DApps could let you handle complex DeFi tasks directly from your Bitcoin wallet, making it feel like you’re still on the Bitcoin network but with added features from Elastos’ SmartWeb.
- Cross-Chain Use: Use stablecoins or USD loans across different EVM chains without needing traditional intermediaries or bridges.
Try It Out
Experience this advancement by checking out the BTC Connect demo: BTC Connect Demo.
Our collaboration with Particle Network brings BTC Connect into Elastos, giving users a unified and secure blockchain environment. We’re excited about the future possibilities this opens up for users and developers alike. Did you enjoy this article? Follow Infinity for the latest updates here!
