Zeus Network Launches Secure Bitcoin Transfer to Solana via Chainlink CCIP
On May 20, Zeus Network enhanced cross-chain capabilities by integrating Chainlink CCIP. This move enables Bitcoin to be bridged to Solana in a decentralized manner. Users can now transfer Zeus’s Bitcoin-backed token, zBTC, across ethereum, Base, and Solana.
zBTC is fully backed by Bitcoin at a 1:1 ratio.Users can verify this backing in real-time using Chainlink’s Proof of Reserve.this feature addresses past security challenges associated with cross-chain bridges, such as centralization risks and hack vulnerabilities.
Justin Wang, Zeus network’s CEO, believes Chainlink CCIP solves common flaws in wrapped BTC tokens. By eliminating the need for centralized intermediaries, zBTC gives users full control.
“This integration brings Bitcoin liquidity to Solana while providing secure DeFi opportunities,” Wang stated. “Leveraging Chainlink’s robust technology, zBTC opens up a new frontier for decentralized finance on the Solana network.”
Zeus Network’s latest development follows a trend of increased chainlink CCIP adoption. Notable examples include Ronin, which transitioned to the Chainlink standard in April, following a significant hack in 2022.
With this setup, users enjoy the benefits of Bitcoin liquidity within the Solana ecosystem, expanding possibilities in decentralized finance.
