CandleFocus Polyhedra Announces Its Integration with BitGo to Protect Cross-chain Transactions
2024-09-11
Author: Content Editor
Polyhedra Network has partnered with BitGo to enhance the security of cross-chain transfers for Wrapped Bitcoin (WBTC) using the Decentralized Verifiable Network (DVN). This collaboration aims to promote the adoption of zero-knowledge technology and enable interoperability across multiple blockchain networks. BitGo will work with LayerZero as an interoperability provider, allowing WBTC to be an omnichain native asset and increase liquidity and composability in decentralized finance. The partnership ensures the safety and integrity of WBTC transactions by implementing security configurations and verification processes. This move highlights the growing focus on trust-minimization and security in the crypto industry.
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