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Solana-to-Bitcoin Bridge Expected to Launch in Q3 2024, Here is What it Means
- Zeus Network advocates for interoperability to resolve challenges of fragmented liquidity and enhance scalability across blockchain networks.
- Utilising Solana’s architecture and Zeus Program Library, Zeus Network develops tools to foster seamless cross-blockchain interactions.
- ZPL features, like verifiability and customisability, support digital asset transfers across networks, promising enhanced integration and security.
Since Bitcoin’s inception, the blockchain landscape has expanded, spawning numerous networks with unique capabilities. However, according to Zeus Network, the limited interoperability between these networks and their dApps leads to fragmented liquidity and suboptimal user experiences.
In a post they wrote that interoperability is key to overcoming these challenges, enhancing scalability, and meeting the varied demands of the blockchain ecosystem.
Which is where the Zeus Network will step in and provide a cross-chain bridge between Solana and Bitcoin.
Related: MicroStrategy Unveils Enterprise Platform ‘Orange’ for Decentralised Identity Applications On BTC
The post explained that Solana’s monolithic architecture combines execution, data availability, and consensus into a single framework, enhancing integration and user experience.
Having developed on Solana for years, Zeus Network now promotes it as a universal Layer 2 solution. Using the Solana Virtual Machine (SVM) for its speed, low transaction costs, and ease of use, Zeus Network wants to establish Solana as a key hub for facilitating interactions across various blockchains and driving mass adoption.
The post highlighted two core components:
- On-Chain: Zeus Program Library (ZPL), SVM programs and SDK clients.
- Off-Chain: Zeus Layer, Zeus Nodes comprise a P2P network.
ZPL: A Verifiable Interface for Creating Applications
The ZPL, built on the SVM, offers developers a verifiable interface for creating applications on the Zeus Network. ZPL encapsulates years of research and development by the Zeus team, designed to bridge the interoperability gap between different blockchains.
Its core features include a modular architecture for easy integration into dApps, advanced transaction processing for robust security across blockchains, and interoperability that allows seamless communication between different blockchain networks.
ZPL-Assets, empowered by the Zeus Network, support the seamless transfer of digital assets across blockchains and are available in both fungible (cryptocurrencies) and non-fungible (NFTs) formats. Key features include:
- Verifiability: Each ZPL-Asset is verified by the Zeus Layer, ensuring their authenticity and integrity during the transfer process.
- Customisability: ZPL-Assets adhere to the SPL token extension standard, allowing protocols to tailor fees and conditions to meet specific requirements.
Zeus Network highlighted that to maximise the potential of ZPL-Assets on Solana, they are focusing on incorporating the most promising Web3 narratives.
With a market cap of approximately 1.2 trillion dollars, and over 11,000 Runes generating over $135 million in fees within the first week on the Bitcoin blockchain, the potential for value transfer is immense.
Zeus Network 
Finally, with ZPL, Bitcoin assets are transformed into ZPL-Assets such as $zBTC, enabling access to Solana’s DeFi ecosystem with activities like lending and trading, all with lower fees and enhanced efficiency.
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This includes the transformation of Runes and Ordinals into zRuneX and zOrdX, respectively, facilitating faster and more cost-effective transactions within Solana’s lively network.
Author
Aaron Feuerstein
Aaron Feuerstein is a freelance writer based in Melbourne. His focus is on decentralised finance and the regulatory space surrounding blockchain. He holds a Master's in Accounting. When he is not studying the latest legal case, he enjoys his time as a modest but eager hobby cook.
