On Finality Bridge: Charlie Hu, Bitlayer
Charlie Hu, a key contributor to Bitlayer, discusses the role of the Finality Bridge in expanding Bitcoin’s DeFi potential.
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Unlocking DeFi Potential: Role of Finality Bridge in Bitcoin’s Future
“The BVM bridge is the third-generation Bitcoin bridging solution technology. We have wrapped Bitcoin, which relies on an older multisig setup—a federation of signers where the majority must be honest. However, it’s clear that we can’t rely on wrapped Bitcoin as a long-term bridging solution. We need a new generation of technology that is more trust-minimized and doesn’t depend on the current multisig structure to bridge Bitcoin liquidity from Bitcoin Layer 1 (L1) to EVM (Ethereum Virtual Machine) or other programmable environments,” Charlie Hu told BeInCrypto.
