Internet Computer has unveiled its 2022 roadmap, stating that Bitcoin (BTC) and Ethereum (ETH) will be integrated by the end of the year.
The Switzerland-based DFINITY Foundation, the not-for-profit entity that Dominic Williams founded in 2016 is the creator of the limitless first decentralized public network of the world, Internet Computer. The goal of this company is to allow back-end software to run in the network apart from making public internet access available to users.
1/ 📢 Announcing the new post-Genesis roadmap to ensure #InternetComputer remains the most powerful general-purpose blockchain for building infinitely scalable Web3 dapps
Titanium: Mid Q1
Chromium: End Q1
Carbon: Q2
Vanadium: Q3
Iridium: Q4
Futurium: 2023https://t.co/WHpU4dkHqk— DFINITY (@dfinity) January 28, 2022
Being a decentralized cloud platform, the advantage of Internet Computer is that open-source software frameworks can be shared by software developers online without having to use commercial cloud services and servers, as well as the likes of Facebook and Amazon.
This time around, the assimilation of Bitcoin (BTC) and Ethereum (ETH) will take the role of bridges, which are frequently used by bad developers to get network access. In the first quarter of 2022, as part of the “Chromium Satoshi Release,” Internet Computer will launch the Bitcoin (BTC) incorporation for the first time. In the third quarter of 2022, a strategy for Ethereum (ETH) assimilation will be unveiled.
In order to prevent hacker exploits or malware from compromising this integration, it will incorporate chain key encryption for smart contracts to be added to the Bitcoin (BTC) blockchain.
Dfinity Product Director Diego Prats indicated in a roadmap post on January 29 that the project’s major goal is to first, provide Bitcoin (BTC) transactions with robust smart contract capability, and second, allow Bitcoin (BTC) transactions with fast completion and minimal transaction fees.
Diego Prats went on to say “smart contracts on the Internet Computer will be able to hold, send and receive Bitcoin, without the need for private keys.” Internet Computer has not yet provided any details on the Ethereum (ETH) assimilation plan.
Its native token, the ICP token, is now the 34th largest cryptocurrency by market capitalization, having a total of $3,758,410,403 market capitalization. At the time of publication, ICP was changing hands at $18.81.