Axelar Integrates with Stacks to Bridge Bitcoin Across Over 65 Blockchains

Table of Contents

• Introducing Interchain Amplifier
• Amplifier Pilot Program and collaborative development
• Wrapping up

Axelar is a blockchain network that facilitates secure cross-chain communication and transactions. It aims to connect various blockchains to enable the seamless flow of assets and data. Stacks, on the other hand, extends Bitcoin with smart contracts, enabling decentralized apps and smart contracts on the Bitcoin network.

This strategic integration between Axelar and Stacks marks a significant step towards expanding Bitcoin's utility across multiple blockchains. It enhances the interoperability between Bitcoin and 65+ other blockchains, offering a feasible solution to the current limitations.

The Axelar and Stacks integration is pivotal as it bridges Bitcoin with a vast network of blockchains, enhancing the asset's accessibility and utility in decentralized finance (DeFi), decentralized autonomous organizations (DAOs), and non-fungible tokens (NFTs).

Introducing Interchain Amplifier

Interchain Amplifier is a smart-contract-based toolkit that simplifies the integration of new chains into Axelar’s network. It automates the essential functions of routing and translating across an extensive network of interconnected blockchains. This open-source technology allows developers to deploy gateway contracts independently, without any intermediaries. With Amplifier, developers can tap into over $1 trillion in Bitcoin network capital, enabling NFTs, DAOs and DeFi across various blockchain platforms.

Amplifier Pilot Program and collaborative development

The Amplifier Pilot Program is a developmental initiative by Axelar. Stacks, Moonriver, Hedera Network, and Iron Fish as early participants of a devnet-phase pilot of Interchain Amplifier. This pilot phase is crucial for testing and refining the technology to ensure efficient and secure cross-chain connectivity across major networks like Bitcoin, Ethereum, EVM chains, IBC, Hedera and 64 more chains.

We're excited to join @AxelarNetwork's Interchain Amplifier pilot for permissionless connectivity across 68+ networks including Bitcoin @Stacks, @MoonbeamNetwork, @Base, and the EVM ⚡️

This builds on our DeFi 2.0 strategy, enabling interoperability for institutions and retail ? pic.twitter.com/EqTnM9tSwu

— HBAR Foundation (@HBAR_foundation) May 6, 2024

Wrapping up

The collaboration between Axelar and Stacks is a significant step forward for Bitcoin's versatility. It connects Bitcoin to a broader network of blockchains and unlocks new possibilities for Bitcoin. It's a big step towards a future where Bitcoin can move freely across different platforms, making it more useful. This partnership is a clear sign that Bitcoin can be used across a wide range of applications.