Description
BTC Relay is a blockchain interoperability solution facilitating secure Bitcoin transaction verification by Ethereum smart contracts without relying on trusted intermediaries. This bridge between the Ethereum and Bitcoin networks enables the integration of Bitcoin into Ethereum's decentralized finance (DeFi) ecosystems, expanding Bitcoin's utility. It supports various applications, including Bitcoin-based payment processing for Ethereum DApps, proof of Bitcoin ownership for cross-chain asset transfers, and the creation of Bitcoin-backed Ethereum tokens. Operating in a decentralized fashion, BTC Relay relies on relayers who submit Bitcoin block headers to the Ethereum network, ensuring accurate and reliable cross-chain verification without necessitating centralized custody or trust. This makes BTC Relay a critical infrastructure component for enabling Bitcoin payments within Ethereum DApps, enhancing interoperability and utility across the blockchain ecosystem.
BTC Relay is a blockchain interoperability solution facilitating secure Bitcoin transaction verification by Ethereum smart contracts without relying on trusted intermediaries. This bridge between the Ethereum and Bitcoin networks enables the integration of Bitcoin into Ethereum's decentralized finance (DeFi) ecosystems, expanding Bitcoin's utility. It supports various applications, including Bitcoin-based payment processing for Ethereum DApps, proof of Bitcoin ownership for cross-chain asset transfers, and the creation of Bitcoin-backed Ethereum tokens. Operating in a decentralized fashion, BTC Relay relies on relayers who submit Bitcoin block headers to the Ethereum network, ensuring accurate and reliable cross-chain verification without necessitating centralized custody or trust. This makes BTC Relay a critical infrastructure component for enabling Bitcoin payments within Ethereum DApps, enhancing interoperability and utility across the blockchain ecosystem.
