Omnity Litepaper
  • ๐Ÿ“œOmnity Litepaper
  • ๐Ÿ—’๏ธSummary
  • ๐Ÿ”ฎChallenges
    • Settlement and Execution Chains
    • Canonical Bridges
    • IBC Protocol
    • Relayers
    • Hub Security
    • Peg Zones
  • ๐Ÿ’กNovel Solutions
    • IC Customs and Routes
    • Interoperability Requirements
    • Zero Off-chain Components
    • Execution Chain Finality
  • โš™๏ธIC Enablers
    • Chain-Key Cryptography
    • High-computational and Storage Efficiency
    • Native Integrations with Bitcoin and Ethereum
    • Reverse Gas Model
    • On-chain Governance
  • ๐Ÿ“ˆUpgrowth
    • Protocol Revenue
    • Goals
  • ๐Ÿ“Coda
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  1. IC Enablers

Native Integrations with Bitcoin and Ethereum

PreviousHigh-computational and Storage EfficiencyNextReverse Gas Model

Last updated 1 year ago

As can be seen in the diagram below, the Bitcoin Adapter and Bitcoin Canister have already been launched on the IC mainnet and support the . What makes this possible is the unique subnet structure of IC, where a dedicated with each node runs a Bitcoin Adapter daemon and is independently connected with the Bitcoin p2p network. Once the subnet nodes reach consensus on a new Bitcoin block, the block will be fed to Bitcoin Canister, which maintains a whole UTXO set.

The Bitcoin Canister can be viewed as an indexer for BTC assets. Additional indexers are needed to support more types of assets. Omnity plans to deploy the Bitcoin Token Indexer (BTI) parallel to the Bitcoin Canister to support , , and other tokens. To our knowledge to date, Omnity BTI will be the world's first fully on-chain Bitcoin token indexer, strengthening Bitcoin's position as a universal settlement layer. Native integrations do not rely on RPC providers and are immune from . Light client verification isnโ€™t good enough for settlement chains, which are cornerstones of Omnity security โ€” especially considering that some light clients, including Eth2, like bridges.

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ckBTC application
Bitcoin subnet
BRC20
Runes
eclipse attacks
are not designed for high-stake use cases
How Bitcoin Token Go Wild