Nomic DAO Foundation Adds Ethereum Support to Nomic Bitcoin Decentralized Custody Engine
Article is form Jinse
September 13, 2024
This article is translated by ChatGPT Show original
Nomic DAO Foundation Adds Ethereum Support to its Bitcoin Decentralized Custodial Engine
On September 13th, the Nomic DAO Foundation announced the addition of Ethereum support to its Bitcoin decentralized custodial engine.
The team stated, "This will enable the seamless movement of Bitcoin into and out of Ethereum, bringing Bitcoin into DeFi's largest ecosystem. Starting with a test network, Nomic will facilitate native Bitcoin deposits and withdrawals on Ethereum without relying on centralized custodians. In addition to bringing Bitcoin into Ethereum via nBTC, this upgrade introduces a new protocol framework that leverages Nomic's decentralized custodial engine to easily create Bitcoin-backed assets at lower costs."
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.