Avalanche adds support for native Bitcoin via bridge feature

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Avalanche says BTC bridging is presently lone disposable via its Core Browser Extension.

Avalanche has added enactment for autochthonal Bitcoin (BTC) connected the platform, which volition hap via the Avalanche Bridge, according to a property merchandise published connected Wednesday.

The solution allows users to utilize their Bitcoin successful the DeFi assemblage by straight transferring BTC to Avalanche, with users capable to pat into earning and output opportunities. 

Customers volition inactive beryllium capable to clasp Bitcoin connected their portfolio, the squad astatine the Layer 1 blockchain said successful the announcement.

Over $500 cardinal successful worth to Avalanche DeFi

Avalanche, which is compatible with the Ethereum Virtual Machine (EVM), launched the Bridge functionality successful August 2021. Over $50 cardinal successful worth transfers person happened successful the blockchain’s DeFi ecosystem done the span since.

This volition apt spell up massively if the diagnostic sees important uptake crossed the Bitcoin community. According to Avalanche, the BTC enactment targets unlocking implicit $500 cardinal of worth presently connected the Bitcoin web and bringing it to the Avalanche DeFi ecosystem.

With the merchandise of @CoreApp_, the Avalanche Bridge has added enactment for bridging autochthonal Bitcoin to #Avalanche

This caller functionality unlocks fractional a trillion dollars of worth connected the Bitcoin network, allowing users to enactment their $BTC to enactment connected Avalanche🤝https://t.co/CHNQ7ck2oz

— Avalanche 🔺 (@avalancheavax) June 22, 2022

Ava Labs releases Core browser extension

Avalanche’s merchandise of the BTC Bridge came astatine the aforesaid clip that Ava Labs announced the motorboat of its Core Browser Extension. The non-custodial extension, disposable for escaped to users, is designed to assistance customers research Web3 opportunities connected Avalanche.

Users seeking to usage their BTC successful the DeFi ecosystem via the caller span volition request to download the Core Browser Extension. Avalanche does not enactment BTC bridging via Metamask oregon different wallets, the squad said.

There are plans to also add support for Ethereum (ERC-20) tokens done the browser extension.

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