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Interlay introduces new protocol for Bitcoin’s reciprocal relationship with DeFi

XCC is positioned as a supporting mechanism to XCLAIM, a protocol which acts as the foundational layer for Interlay’s Bitcoin one-to-one backed asset interBTC.
Interoperability network Interlay has released a 21-page technical whitepaper, titled XCC: Theft-Resilient and Collateral-Optimized Cryptocurrency-Backed Assets, advocating for the imminent development of cross-blockchain interoperability solutions to unlock a plethora of potential within the decentralized finance (DeFi) ecosystem.As a Polkadot parachain, Interlay is focusing its efforts on opening pathways of communication and interaction between Bitcoin’s currency-native ecosystem, with the wider functionalities of the DeFi space with networks such as Ethereum and Polkadot. The newly-launched XCC protocol — serving as an additional layer of XCLAIM which was introduced to the market in 2018 — enables greater asset sovereignty during cross-chain activities suc

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We współpracy z: https://cointelegraph.com/news/interlay-introduce-xcc-protocol-to-enhance-bitcoin-s-reciprocal-relationship-with-defi

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