Zeus

Zeus Network

Bitcoin

First Bitcoin

<h4><strong>This achievement is a big step in making Bitcoin work on <a href="https://www.altcoinbuzz.io/?s=solana" target="_blank" rel="noopener">Solana</a>, a faster and cheaper blockchain. </strong></h4> 
<p>By connecting two of the biggest cryptos, Zeus Network is opening up new possibilities for the future of digital finance.</p> 
<h5><strong>How Did Zeus Make It Happen?</strong></h5> 
<p>To make this work, Zeus Network used a combination of its core technologies, including the ZeusNode Operator, ZeusNode Guardian, and ZPL. These systems worked together seamlessly to bring Bitcoin onto Solana in five steps:</p> 
<ul> 
 <li><strong>1) <a href="https://docs.rs/crate/solana-btc-spv-program/latest/source/" target="_blank" rel="noopener">Solana BitcoinSPV</a> Creates the Bitcoin Blockchain on Solana</strong>: This step involves creating a version of the Bitcoin blockchain on Solana. It’s like setting up a new home for Bitcoin on a different blockchain.</li> 
 <li><strong>2) <a href="https://docs.zeusnetwork.xyz/architecture/zeusnode" target="_blank" rel="noopener">ZeusNode Operator</a> Extends the Bitcoin Blockchain on Solana</strong>: The ZeusNode Operator helps extend Bitcoin’s blockchain onto Solana. At this point, the process involves two key actions: 
  <ul> 
   <li><strong>Step 2-1</strong>: Bitcoin is deposited into the Hot Reserve Bitcoin.</li> 
   <li><strong>Step 2-2</strong>: ZPL then verifies the Bitcoin deposit on the Solana blockchain to ensure everything is in order.</li> 
  </ul> </li> 
</ul> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">NEW: <a href="https://twitter.com/ZeusNetworkHQ?ref_src=twsrc%5Etfw">@ZeusNetworkHQ</a> ANNOUNCES THAT IT HAS VALIDATED THE FIRST BITCOIN TRANSACTION ON SOLANA USING ITS INFRASTRUCTURE <a href="https://t.co/aTjwav9Ztk">pic.twitter.com/aTjwav9Ztk</a></p> 
 <p>— DEGEN NEWS (@DegenerateNews) <a href="https://twitter.com/DegenerateNews/status/1867283287590265015?ref_src=twsrc%5Etfw">December 12, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<ul> 
 <li><strong>3) ZeusNode Guardian Locks Bitcoin</strong>: The <a href="https://zeusguardian.io/" target="_blank" rel="noopener">ZeusNode Guardian</a> locks the Bitcoin to secure it. Think of it like locking up a treasure chest in a safe place.</li> 
 <li><strong>4) ZPL Verifies the “Bitcoin LockToColdReserve” Transactions</strong>: ZPL ensures the Bitcoin is safely locked in a “cold” storage, protecting it for future use.</li> 
 <li><strong>5) ZeusNode and ZPL Peg the First ZPL-Asset on Solana</strong>: Finally, the ZeusNode and ZPL team up to peg the first ZPL-asset on Solana. This means that Bitcoin is now linked to the Solana blockchain and can be used in the Solana ecosystem.</li> 
</ul> 
<h5><strong>Why Is This Important?</strong></h5> 
<p>This achievement marks the first time Bitcoin liquidity has flowed onto Solana in a smooth and permissionless way, meaning anyone can use it without needing permission. This is a huge step for both Bitcoin and Solana, as it opens the door for more uses of Bitcoin, like fast and cheap transactions on Solana. More info in its <a href="https://medium.com/@zeus-network/milestone-first-bitcoin-transaction-validated-on-solana-39784c624c23" target="_blank" rel="noopener">blog post</a>.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">BREAKING: <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@solana</a> can now validate Bitcoin transaction!</p> 
 <p>Here’s what happened <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447-1f3fb.png" alt="👇🏻" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/jykyZQmpyF">pic.twitter.com/jykyZQmpyF</a></p> 
 <p>— Zeus Network <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e7.png" alt="🟧" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26c8.png" alt="⛈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e3.png" alt="🟣" class="wp-smiley" style="height: 1em; max-height: 1em;"> (EPOCH 1) (@ZeusNetworkHQ) <a href="https://twitter.com/ZeusNetworkHQ/status/1867273839484580085?ref_src=twsrc%5Etfw">December 12, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Zeus Network’s plans don’t stop here. By adding more assets that use the same technology and open-sourcing the ZPL in the future, they hope to invite more decentralized apps (dApps) to join the ecosystem. This will help grow the network and provide even more opportunities for users.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123701" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
<div class="youtube-embed" data-video_id="9v-Bnf8-1Bw">
 <iframe title="IF YOU HOLD SUI I GOT NEWS FOR YOU!!! (ACT NOW)" width="696" height="392" src="https://www.youtube.com/embed/9v-Bnf8-1Bw?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/zeus-network-validates-first-bitcoin-transaction-on-solana/">Zeus Network Validates First Bitcoin Transaction on Solana</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Zeus Network Validates First Bitcoin Transaction on Solana

Altcoin Buzz

Other articles published on Dec 13, 2024

Santa’s Crypto List: Top 5 Coins Ready for a 12,000% Holiday Rally

XRP to Stay Firm Above $2, Predicts Crypto Expert, as XYZVerse and Cardano Await Major Surges!

BTFD Presale Rewards Investors with 90% Staking APY While BONK Hits Highs and DOGS Holds Steady—T...

Florida Plans Strategic Bitcoin Reserve Using $1.85B from Pension Fund

XRP Analysis Hints at Breakout Amid Mixed Signals

Chainlink Sees Surge in Network Activity as LINK Price Hits New Highs

Join our free newsletter for daily crypto updates!