What to know:
- Artificial intelligence-focused Ethereum layer-2 Mode is the latest network to bridge to Bitcoin in an attempt to get access to deep wells of liquidity held in BTC.
- Mode has teamed up with rollup protocol BitcoinOS to give AI agents on its network permissionless access to Bitcoin.
- Mode is an Ethereum layer-2 blockchain built with Optimism’s OP Stack with the aim of scaling DeFi applications through on-chain agents powered by AI.
As a seasoned crypto investor with a penchant for AI and blockchain technology, I find the recent collaboration between Mode and BitcoinOS particularly intriguing. With my extensive experience in navigating the ever-evolving crypto landscape, I’ve witnessed numerous projects seeking to tap into the vast reserves of liquidity held in Bitcoin.
The market capitalization of Bitcoin frequently surpasses 50% of the overall cryptocurrency sector, indicating that a larger portion of funds are invested in Bitcoin compared to all other digital currencies combined.
During this ongoing bull market, Bitcoin’s dominance has soared to levels not seen in years, exceeding 60%. As a result, projects constructed on different networks are actively seeking opportunities to share in these gains. Now, artificial intelligence bots are attempting to do just that.
The recently introduced Ethereum layer-2 blockchain platform, specialized in artificial intelligence, is the most recent effort to connect with Bitcoin. This move aims at leveraging the immense pools of liquidity that are stored within Bitcoin.
In a recent announcement, it was revealed that Mode is collaborating with the BitcoinOS (BOS) rollup protocol, allowing artificial intelligence agents operating on their network unrestricted access to Bitcoin.
Recently, BOS performed a comparable integration with the Cardano system, igniting its Grail bridge to streamline Bitcoin (BTC) movement within that environment.
The Grail bridge employs zero-knowledge (ZK) tech, enabling secure transfer of assets between different networks. Essentially, this technology allows one party to confirm a statement’s truthfulness to another, all while keeping extra details confidential – it’s like proving you’re old enough to buy alcohol without disclosing your birthdate.
The mode under discussion is a scaling solution constructed using Optimism’s OP Stack, primarily designed to amplify the capacity of Decentralized Finance (DeFi) applications by employing smart on-chain agents that leverage artificial intelligence (AI).
Read More
- SUI PREDICTION. SUI cryptocurrency
- COW PREDICTION. COW cryptocurrency
- Exploring the Humor and Community Spirit in Deep Rock Galactic: A Reddit Analysis
- KSM PREDICTION. KSM cryptocurrency
- Harvey Weinstein Transferred to Hospital After ‘Alarming’ Blood Test
- WLD PREDICTION. WLD cryptocurrency
- W PREDICTION. W cryptocurrency
- ADA EUR PREDICTION. ADA cryptocurrency
- EUR IDR PREDICTION
- AAVE PREDICTION. AAVE cryptocurrency
2024-12-05 20:24