BTCFi is emerging, TVL on Bitcoin network has significantly surged since Oct 24 and remained at above $7b for almost a year. This TVL helps Bitcoin to rank the 3rd among the DeFi network. Some believe that zK has no connection to BTCFi, but @union_build may change your perspective on that. ▸ Briefly on Union - The Next-gen ZK Interop Layer @union_build is an interop Layer 1 powered by zero-knowledge proofs (ZKP). Union uses zk proofs to enable trustless and efficient movement of assets and data across ecosystems. Why an interop layer? As you know, countless L1s, L2s, and app-chains have led to significant fragmentation. ➜ A reliable interop infra is vital. Some may argue that current interop protocols can address these issues, but they often share a common concern - security. ▸ The advantages of ZK tech ICYMI, current interop technology relies on third parties to verify the messages and validate transactions. This can pose a significant problem if messages are exposed. ➜...
33.62K
79
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.