BOB launched the BitVM bridge on the public Testnet, and jointly established the BitVM Accelerator with ZeroSync, Babylon, and other institutions

BlockBeatNews

2025-03-02 14:09:34

Abstract generation in progress

BlockBeats news, on March 2, the hybrid Layer2 project BOB (Build on Bitcoin) announced the official launch of the BitVM bridge on the public Testnet, marking an important milestone in the development of trust-minimized BTC Decentralized Finance. The BitVM bridge allows for secure BTC deposits and withdrawals on its hybrid Layer2 without relying on third-party custodians or multi-signature bridges. BTC via the BitVM bridge is non-custodial and trust-minimized. BOB announced the formation of the BitVM Accelerator Execution Working Group with mainstream institutions such as ZeroSync, Babylon, Anchorage, and Rockaway to promote the practical application and implementation of BitVM. Founding members of the BitVM Accelerator Execution Working Group include: Institutional Partners: Amber, Anchorage, Ankr, ChorusOne, Hex Trust, P2P, Rockaway, Unit410, UTXO, viaBTC Capital, Wintermute; Research Partners: Babylon, Bitcoin Layers, BOB, Common Prefix, Fiamma, House of ZK, RiscZero, Succinct, ZeroSync.

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