BTC <> ICP
ICP has protocol-level integration with the Bitcoin network, enabling dapps to seamlessly interact with Bitcoin and granting users access to the Bitcoin economy like never before with ckBTC.
By running Bitcoin adapters, ICP nodes provide canister smart contract with real time access to the latest state of the Bitcoin blockchain. The availability of the Bitcoin UTXO set on ICP enables canister smart contracts to read the balance of any BTC address.
ICP nodes collaborate to produce threshold-ECDSA signatures, enabling canister smart contracts to sign BTC transactions. Leveraging network integration, these BTC transactions are directly inscribed on the Bitcoin blockchain - no need for any cross-chain bridges. Chain-key signatures also derive BTC addresses, enabling ICP smart contracts to read, write and own BTC.
Developers can harness the security of bitcoin as a native asset while also leveraging the unique core features of the ICP tech stack. These include the reverse gas model, unparalleled performance, and HTTPs outcalls, all within the framework of full-stack decentralization—a hallmark of the industry’s only third-generation blockchain.
Beyond Bitcoin adapters, ICP smart contracts can read and write to other blockchains providing an unrivaled interconnected Web3 experience. A single smart contract can read, write, and own assets on multiple blockchains via features such as network integration, RPC integration and HTTPs outcalls.
Native Bitcoin transactions entail paying high fees and enduring lengthy wait times for block confirmations. Enter ckBTC, a 1:1 bitcoin twin introduced to leverage the 1-2 second finality and negligible fees within the ICP ecosystem. ckBTC is one of the first Chain Fusion applications, and powers several dapps across different use-cases.
Chain-key bitcoin (ckBTC), a multi-chain bitcoin twin on the Internet Computer, is an ICRC-1-compliant token that is backed 1:1 by bitcoin (BTC) such that 1 ckBTC can always be redeemed for 1 BTC and vice versa.
The total supply of ckBTC tokens, which is the amount of ckBTC tokens that have been minted minus the amount that have been burned.
The amount of ckBTC tokens transferred, minted, or burned, or for "approve" transactions, the designated amount of ckBTC tokens that the "Spender Account" is authorized to transfer on behalf of the "From" account.
The volume of ckBTC tokens transferred, minted, or burned. Date ranges of one month or longer show daily volume, while shorter date ranges show hourly volume. The total volume shown in the chart header is the total for the selected date range.
Bitcoin on ICP is not just a future promise. Developers are already building incredible use cases with Bitcoin on ICP.
Sell, trade, and transfer Bitcoin Ordinals and inscriptions without gas fees and transaction speed of less than two seconds.
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Activate BTCFi functionality with Taler protocol, a decentralized and overcollateralized stablecoin platform. This algorithmic stablecoin offers a capital-efficient alternative to highly volatile digital currencies
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Leveraging ICP’s Chain Fusion Technology, Omnity is an omnichain interoperability protocol offering cross-chain infrastructure for modular blockchains. It enables the transfer of Runes tokens and its roadmap lays cross-chain plans ahead for various L2s.
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Access zero-gas fees and lightning fast swaps between BTC, ETH, or any ERC20 assets. By harnessing the power of chain-key technology on ICP, Helix Markets allows cross-chain swaps in a non-custodial way.
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Send chat messages to others containing tokens like ICP and ckBTC using OpenChat - a decentralized real-time messaging service. Running entirely on-chain on ICP, it offers all the features of a chat app - from GIFs, to creating polls, to offering users rewards.
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Loka Mining is a trust-minimized, non-custodial Bitcoin mining pool. By facilitating co-investment with Bitcoin miners, it enables retail investors to acquire BTC at superior rates, surpassing market prices without the need for custodial services.
Try ItExplore the integration of Bitcoin with the Internet Computer through concise code examples and startup collaboration opportunities. Access ready-to-use code snippets and connect with innovative startups to accelerate your projects. Unleash the potential of Bitcoin and Internet Computer synergy for your next venture.
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Bitcoin Canister
A sample canister smart contract that can send and receive Bitcoin on the IC.
Inscription Canister
This example project explores the possibility of inscribing ordinal inscriptions onto the Bitcoin blockchain using the IC.
ckBTC Canister
Canister smart contract for ckBTC, the trustless Bitcoin Digital Twin on the IC.
Ordinal Canister
A canister that enables the retrieval of ordinals and their corresponding inscriptions, making them easily accessible on the IC.
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