Internet Computer Protocol aims to become a Bitcoin 'layer zero' with threshold-Schnorr implementation

Crypto Ecosystems • April 16, 2024, 9:30AM EDT
Published 1 minute earlier on
UPDATED: April 16, 2024, 9:31AM EDT
The Block

Quick Take

  • Internet Computer Protocol aims to be leveraged as a Bitcoin “layer zero” following the planned implementation of threshold-Schnorr signatures, announced today.
  • The implementation allows ICP smart contracts to etch Runes, inscribe Ordinals and trade BRC-20 tokens, tapping into the potential of Bitcoin-based DeFi.
The implementation allows ICP smart contracts to etch Runes, inscribe Ordinals, and trade BRC-20 tokens, tapping into Bitcoin-based DeFi.
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