In brief
- The Internet Computer will host Bitcoin smart contracts by the end of the year.
- Smart contracts will enable lending, yield farming, derivatives, and other DeFi applications for Bitcoin.
“Internet Computer smart contracts will gain access to Bitcoin liquidity, and Bitcoin will gain powerful new smart contract functionality, without the need for insecure and cumbersome trusted bridging services,” said Dfinity founder Dominic Williams, in a statement accompanying the announcement.
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