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Internet Computer Aims For BTC & ETH Integrations In 2022

By Natalie Wu | February 2, 2022
BTC, ETH

The Internet Computer has reportedly rolled out a new roadmap for the 2022 fiscal year and the years later, which contains details related to its plans for introducing integrations with Bitcoin and Ethereum

Specifically, The Internet Computer reportedly operates as a public blockchain and protocol, offering facilitating features for engineers to finalize the installation of smart contracts and DApps on a blockchain, in a direct manner. 

The incubation and release of the Internet Computer were reportedly completed in May last year, following an extended period of development time from Dfinity – a Zurich-based nonprofit. 

The direct Bitcoin integration will reportedly be introduced within the scope of Dfinity’s “Chromium Satoshi Release” – planned for the first quarter of 2022. 

It reportedly aims to roll out smart contracts to the Bitcoin blockchain via “Chain Key cryptography”, functioning as a replacement for the involvement of a bridge that can leave the network vulnerable to malicious actors.

Dfinity community member Berto Parga Pena reportedly offered further explanations, claiming that Chain Key cryptography is viewed as “one of the fundamental breakthroughs enabling the Internet Computer to scale to millions of nodes.”

“It is a set of cryptographic protocols that orchestrate the nodes that make up the Internet Computer and the engine that drives it and makes its operation possible.”

“Smart contracts on the Internet Computer will be able to hold, send and receive Bitcoin, without the need for private keys” Director of Product at Dfinity, Diego Prats, reportedly included in a roadmap published on January 29th. 

Meanwhile, the timeline to carry out Ethereum integration will reportedly be Q3 this year, via the “Vanadium Vitalik Release.

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