U.Today - attained a key milestone this week with the mainnet launch of anetaBTC. The protocol, which brings on-chain wrapped BTC to blockchains, saw its deployment on the Cardano mainnet on Aug. 8, marking a big step forward in blockchain interoperability.
This long-awaited event brings Bitcoin to the Cardano ecosystem, allowing users to effortlessly interact with both coins.
The integration of wrapped Bitcoin with the Cardano ecosystem is noteworthy as a purposeful endeavor to draw a wider audience and total value locked (TVL) from Bitcoin, which now has the highest market capitalization of $572 billion. Bitcoin wrapped through the anetaBTC protocol is known as cBTC.
Now, in another milestone alluding to the successful launch of the anetaBTC protocol, Bitcoin has been successfully minted on the Cardano mainnet.
In a new tweet, anetaBTC shared a screenshot showing new BTC successfully minted on Cardano. This amount was 1.706 cBTC. Per the tweet, 6.19 cBTC have been minted on the Cardano mainnet in total.
AnetaBTC promises future protocol upgrades in what's coming following its launch. AnetaBTC V2 with multisig is nearing its release, but there is still more work to be done, even though the current contracts support V2.
Notable week for Cardano
Also in the week, the Lace team released Lace v.1.4 with new features, "ADA Handle" support enhancements and bug fixes. On Aug. 10, the Project Catalyst Level 2 community review also began.