Avalanche Bridge will support BTC networking! Multichain Push universal cross-chain bridge Co-mint

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Avalanche official announced on The 23rd, Avalanche's native cross-chain Bridge Avalanche Bridge will support bitcoin network, "Bridging native Bitcoin assets to the Avalanche DeFi ecosystem, which currently has a total lock-in value of nearly $16 billion, is expected to launch in Q2 this year, becoming the next Avalanche Bridle-supported blockchain network after Ethereum.

Avalanche also tweeted:" Premier Avalanche Bridge is expanding native support for the Bitcoin network, which will Bridge the trillion-dollar asset class to Avalanche's exploding DeFi ecosystem.

Avalanche Bridge officially launched last July and is one of the most popular cross-chain Bridges. According to DuneAnalytics, Avalanche Bridge currently has a total lock value (TVL) of $6.02 billion, which is the largest share of all Ethereum Bridges at 25.5%.

Avalanche says the Avalanche Bridge is now the cornerstone of the Avalanche community's infrastructure, Secure, cost-effective, fast transaction, transparent, intuitive, ecosystem support, and multi-chain. The official team is currently working on further enhancements to Avalanche Bridge to make it even more secure, including increasing the number of Warden consensus offices responsible for decentralized security and Bridge verification operations.

"Avalanche is launching the Web3 Wallet Core"

Designed specifically for applications running on Avalanche, including dedicated Validation Node Network (Subnet) and the next generation Web3 project. Core will be launched in two phases, starting with a Core browser plug-in in late March, followed by a Core mobile App in early Q2. According to the announcement, the Core Wallet's main innovation is a built-in native Bridge feature that gives users direct access to Avalanche Bridge, the first browser-based extension wallet feature. "Core is more than just a wallet," said Nick Mussallem, AvaLabs product leader. "It's a well-thought-out Web3 operating system that combines a secure wallet architecture with technology that no other wallet has." The

Core wallet has six other key features, including compatibility with industry-leading hardware wallets, portfolio and collectibles pages, direct exchange of hundreds of tokens, direct purchase of AVAX from the wallet, creation of an address book to store common addresses, and an account switch to manage multiple addresses. Meanwhile, Multichain protocol Multichain(formerly Anyswap) announced on the 22nd that it has teamed up with Conflux to launch the Multichain Universal Cross-chain Bridge Co-Mint, Co-mint is a powerful symbol of decentralization, allowing multiple Bridges to co-cast the same asset, which means one bridge will truly be compatible with others." According to the announcement, co-Mint can solve the following seven problems:

1. Safety: The owner can set an upper limit on how much the bridge can be cast. If a bridge is hacked and authorized to mint up to 1 million tokens, only 1 million tokens can be lost, and if one bridge is destroyed, another bridge can be used in exchange for the same assets as an alternative." 2. Liquidity: Each bridge mints its own token, resulting in liquidity fragmentation in each DEX, but with Co-Mint, each bridge mints the same asset and liquidity fragmentation is eliminated." 3. Avoid confusion: Take USDC as an example, there will be ceUSDC, nUSD, madUSDC on different Bridges... ", but with Co-mint you can share names to avoid confusion. 4. Total supply: Co-Mint is able to help fix the supply of cross-chain assets without changing the total supply. 5. Low cost: Because different protocols will create the same asset under Co-Mint, people will have the option of bridging with reasonably priced protocols.

6. Anti-trust: Co-Mint can facilitate the work of all Bridges, if there is a bad user experience on a particular bridge, the user can choose another bridge." 7. Ownership: Ownership of the Co-Mint Bridge contract, transferable to the person best suited to manage it.