Internet Computer to integrate BTC and ETH by end of the year

The Internet Computer has published a roadmap for 2022 and beyond, stating that Bitcoin and Ethereum integrations will be available by the end of the year.

The Internet Computer is a public blockchain and protocol that enables developers to easily deploy smart contracts and decentralized applications (DApps) on the blockchain. Dfinity, a Zurich-based organization, developed and launched it in May 2021 after years of development.

The #ICP 🤝 #BTC integration will prompt a new wave of DeFi applications built to leverage the world’s largest cryptocurrency.

👓 Full story:https://t.co/kexreQTw20 pic.twitter.com/bQkKdel7r5

— DFINITY (@dfinity) January 27, 2022

Dfinity’s “Chromium Satoshi Release,” which is scheduled for Q1 2022, will include a direct Bitcoin integration. It will use “Chain Key cryptography” to bring smart contracts to the Bitcoin blockchain, eliminating the need for a bridge that may expose the network to bad actors.

Chain Key cryptography, according to Dfinity community member Berto Parga Pena, is “one of the fundamental breakthroughs enabling the Internet Computer to scale to millions of nodes.” Pena adds:

“It is a set of cryptographic protocols that orchestrate the nodes that make up the Internet Computer and the engine that drives it and makes its operation possible.”

Internet Computer trying hard amid questions on its performance

In a January 29 roadmap post, Dfinity’s Director of Product, Diego Prats, stated, “Smart contracts on the Internet Computer will be able to hold, transfer, and get Bitcoin without any need for private keys.”

Meanwhile, the “Vanadium Vitalik Release” is scheduled for Q3 2022, which will include Ethereum integration. Dfinity, which highly supports content development projects, hasn’t released any additional information regarding the integration.

Dfinity hasn’t released any additional information regarding the integration.

“If Bitcoin is going to be around forever, how do we actually provide? The best user experience is to combine all these networks directly.

1/ 📢 Announcing the new post-Genesis roadmap to ensure #InternetComputer remains the most powerful general-purpose blockchain for building infinitely scalable Web3 dapps

Titanium: Mid Q1
Chromium: End Q1
Carbon: Q2
Vanadium: Q3
Iridium: Q4
Futurium: 2023https://t.co/WHpU4dkHqk

— DFINITY (@dfinity) January 28, 2022

The ICP token soared 56% in the first five days of January this year amid a burst of positive news, but it is one of the worst-performing tokens in 2021, with a drop of 97% from it’s all-time high in May. Binance said on January 4 that it would publish a financial instrument that would allow traders to immediately exchange ICP for Ethereum (ETH).