On September 13, the Nomic DAO Foundation announced the addition of Ethereum support to Nomic's bitcoin decentralized custody engine.
"This will enable seamless movement of bitcoin in and out of Ethereum, bringing bitcoin into DeFi's largest ecosystem," the team said. "Starting with a testnet, Nomic will facilitate deposits and withdrawals of native bitcoin on Ethereum, without relying on a centralized custodian. In addition to bringing bitcoin to Ethereum via nBTC, this upgrade introduces a new protocol framework that makes it easy to create bitcoin-backed assets at a lower cost, leveraging Nomic's decentralized custodian engine."
Nomic DAO Foundation Adds Ethereum Support to Nomic Bitcoin Decentralized Escrow Engine
2024-09-13 02:04:34
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