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Turning BTC into a Programable Asset on Solana w/ Justin Wang (Zeus Network)
Aug 20, 2024
Justin Wang, founder of Zeus Network, discusses revolutionizing Bitcoin's integration with Solana. He introduces the concept of 'Layer 1.5', enabling programmability for Bitcoin and other UTXO chains. The conversation dives into Zeus' innovative security model and transaction management. Wang shares a visionary future for Web3 applications leveraging this technology. They also explore the potential for cross-chain functionality, highlighting how Solana could efficiently interact with various proof-of-work assets, including Bitcoin and Dogecoin.
25:43
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Quick takeaways
- Zeus introduces a 'Layer 1.5' communication layer that integrates Bitcoin programmability directly into Solana's infrastructure, enhancing functionality and usability.
- By employing Multi-Party Computation, Zeus securely manages Bitcoin assets, ensuring transaction protection and enabling innovative decentralized applications within the Solana ecosystem.
Deep dives
Zeus as a Communication Layer
Zeus functions as an innovative communication layer between Bitcoin and Solana, addressing liquidity fragmentation while enhancing usability. Unlike traditional layer two solutions, Zeus positions itself as a layer 1.5, incorporating Bitcoin's UTXO mechanism into Solana's infrastructure. This design allows for external assets, like Bitcoin and Litecoin, to gain programmability on Solana without relying on separate layer ones or sidechain implementations. By ensuring that assets are secured through a consensus mechanism using Zeus nodes, the system offers a more integrated and user-friendly experience compared to the fragmentation seen in existing solutions.
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