#Nervos Ecological Fund announced the launch of the "#BTCKB " plan to connect #BTC and #CKB . CKB became the first Bitcoin Layer2 that is completely isomorphic to BTC (based on "PoW+UTXO"), empowering various BTC Layer 1 assets with more powerful smart contract capabilities. As part of the plan, the Nervos Ecological Fund announced the incubation of blockchain software company CELL Studio, which was founded by Nervos co-founder Cipher Wang. Like Consensys to Ethereum, CELL's mission is to promote the development and prosperity of the Nervos ecosystem.
CELL has launched JoyID, the next-generation mobile Web3 Passkey wallet, and will successively launch a two-way anchor bridge and UTXO-based DEX that connects BTC and CKB. It also plans to develop the CKB second-layer lightning network to connect to the BTC lightning network, so that BTC first-layer assets can be censorship-resistant, permissionless, and trustless. In addition, based on the atomicity and smart contract capabilities of CKB's enhanced UTXO model, CELL will promote CKB to integrate and empower Taproot Assets, RGB and other first-layer protocols.
In the future, CELL will work closely with the Nervos Ecosystem Fund to explore the first BTC Layer 3 complete solution based on the CKB Axon chain framework and the UTXO-based Spore NFT protocol, Intent-based applications and DeFi protocols, and jointly promote various application scenarios based on the Lightning Network, such as social applications derived from the Nostr protocol, micropayment scenarios, various life scenarios of cross-border payments, etc.
Source: https://blocktelegraph.io/innervation-announces-btckb-initiative-connecting-nervos-ckb-and-bitcoin/
