ICP Integrates threshold-Schnorr Signatures Enabling Builders to Supercharge the Bitcoin Economy

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BitcoinWorld 13h ago

ICP Integrates threshold-Schnorr Signatures Enabling Builders to Supercharge the Bitcoin Economy - BitcoinWorld

Quick Summary:

The first Layer-2 for Bitcoin Ordinals, Bioniq allows for more efficient trading, minting, and showcasing of Bitcoin-based digital art and collectibles with negligible transaction fees and rapid finality.

Over 68 million Ordinals inscriptions with a total fee of $459 million and over 15 million Runes transactions are testaments to the rising builder and user activity in the Bitcoin ecosystem.

Lomesh Dutta, VP of Growth at the DFINITY Foundation, said, “Most Bitcoin meta protocols, like Ordinals and BRC20, use Taproot transactions that rely on Schnorr signatures.