{"id":652561,"date":"2024-11-11T11:12:49","date_gmt":"2024-11-11T11:12:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=652561"},"modified":"2024-11-11T11:13:09","modified_gmt":"2024-11-11T11:13:09","slug":"agoric-brings-native-bitcoin-to-cosmos-how-bld-is-powering-a-multi-chain-revolution","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/company\/agoric-brings-native-bitcoin-to-cosmos-how-bld-is-powering-a-multi-chain-revolution\/","title":{"rendered":"Agoric Brings Native Bitcoin to Cosmos: How BLD is Powering a Multi-Chain Revolution"},"content":{"rendered":"
Agoric has made a big step forward by <\/span>integrating<\/span><\/a> native Bitcoin into the Cosmos ecosystem through its Orchestration API. This integration enables users to buy and use Bitcoin directly from their Cosmos wallet without the need for bridging or wrapping, simplifying access to Bitcoin\u2019s liquidity across Cosmos.<\/span><\/p>\n This integration addresses the challenges of Bitcoin’s fragmented multi-chain setup and improves how developers can work with Bitcoin Layer-2s and Cosmos chains. This opens up new opportunities for liquidity and decentralized finance (DeFi) protocols. Developers can now build innovative financial products around native Bitcoin, improving liquidity and expanding the Cosmos DeFi ecosystem.<\/span><\/p>\n Agoric is bridging the gap between Bitcoin and Cosmos, allowing developers to create dApps that combine Bitcoin’s security and value with Cosmos\u2019 scalability and interoperability. By leveraging its Orchestration API, Agoric brings a seamless experience to developers and users, simplifying the complexities of multi-chain workflows and expanding DeFi possibilities across both ecosystems\u200b\u200b.<\/span><\/p>\n Despite Bitcoin\u2019s unique advantages and positioning, its poor scalability and smart contract limitations have hindered its integration into broader blockchain ecosystems. Traditional approaches, like wrapped Bitcoin (wBTC), often introduce complexities, additional steps, and security risks. By contrast, Agoric\u2019s native integration eliminates intermediaries and associated vulnerabilities, allowing users to interact with Bitcoin assets as simply as they would with any Cosmos-native token.<\/span><\/p>\n Through its <\/span>Orchestration API<\/span><\/a>, Agoric\u2019s system abstracts the complexities of cross-chain interactions. This approach automates workflows, reducing the need for manual transaction handling and making cross-chain transfers feel like a single, cohesive process for the end-user. Agoric\u2019s orchestration enables Cosmos users to tap directly into native Bitcoin liquidity, removing traditional friction and establishing a direct connection across chains\u200b\u200b\u200b.<\/span><\/p>\n Beyond Bitcoin, the Orchestration API supports versatile applications across Cosmos, from complex DeFi protocols and staking platforms to NFT marketplaces, allowing seamless cross-chain experiences and opening up a wide range of DeFi possibilities\u200b\u200b.<\/span><\/p>\n In addition to integrating Bitcoin, Agoric has strengthened its ecosystem\u2019s liquidity and stability with the Parity Stability Module (PSM). This module helps maintain the stability of the Inter Stable Token (IST) by providing direct access to USDC and USDT, giving users a reliable store of value. By anchoring IST with stable assets, the PSM stabilizes IST’s value, improving liquidity and providing a solid foundation for Cosmos-based DeFi\u200b.<\/span><\/p>\n BLD, the Agoric\u2019s native token, is essential to the economic activity and governance of the Agoric ecosystem. Agoric\u2019s dual-token model pairs BLD with IST, its over-collateralized stablecoin. While IST serves as a stable medium of exchange and transaction fee currency, BLD secures the network through staking and governance\u200b\u200b. A growing demand is expected as more users engage with Agoric\u2019s ecosystem. As a result, BLD has potential <\/span>value growth<\/span><\/a>, as an investment and as a utility token that anchors DeFi liquidity, cross-chain transactions, and economic stability within Cosmos\u200b.<\/span><\/p>\n To ensure the platform’s long-term sustainability and growth, Agoric has implemented a community-driven governance model. BLD holders can shape the platform’s future through decentralized voting.\u00a0<\/span><\/p>\n Recent proposals have demonstrated the community’s active participation in decision-making, from optimizing fee structures to allocating treasury funds. This community-driven approach fosters innovation and adaptability, making sure that Agoric remains at the forefront of blockchain technology.<\/span><\/p>\nBitcoin on Cosmos: A Game-Changer<\/span><\/h3>\n
Orchestration: Simplifying Cross-Chain Workflows<\/span><\/h3>\n
Expanding DeFi Liquidity<\/span><\/h3>\n
Economic Power of BLD<\/span><\/h3>\n
Community Governance: A Cornerstone of Agoric<\/span><\/h3>\n