Rollup layer BitcoinOS has integrated with Arbitrum One, paving the way for trustless bridging between Bitcoin and Ethereum, the company said.
Abritrum’s plugging into BitcoinOS means that transactions on Ethereum can ultimately be settled using Bitcoin, while conversely Bitcoin owners will be able to put their BTC ($89,649.00) to work within the Ethereum ecosystem.
This opens the door to substantial growth in Bitcoin-based DeFi, with core contributor Edan Yago suggesting that BitcoinOS’s solution provides the first ‘true’ example of Bitcoin DeFi.
He tells Decrypt, “All existing forms of bridged Bitcoin, like Wrapped Bitcoin (WBTC ($89,505.00)) require users to trust a multisig controlled by a handful of companies who can collude and steal your money at any time.”
Because the BTC secured via the BitcoinOS Grail bridge will be non-custodial and therefore under the full control of owners, Yago suggests that the new integration “will likely be trusted by far more people and capital than all previous Bitcoin solutions.”
And what’s particularly exciting about the integra...
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