Mintlayer and Salus Develop Thunder Network on L3
An exciting partnership between Mintlayer and Salus has led to the development of Thunder Network, a Layer-3 solution built on Bitcoin. This collaboration aims to bring scalability, enhanced privacy, and faster transaction speeds to the network. The Thunder Network will enable users to leverage Ethereum Virtual Machine (EVM) capabilities within a Bitcoin-connected application. Additionally, developers will have the opportunity to create decentralized applications (DApps) on this innovative platform.
The Significance of the Partnership
- Mintlayer and Salus join forces to enhance Bitcoin with L3 ZK-based Thunder Network.
- This partnership marks a significant milestone in integrating Bitcoin with the blockchain ecosystem.
- Integrating L3 rollups with zero-knowledge (ZK) technology is a key feature of this collaboration.
The Vision for Thunder Network
- The Thunder Network aims to provide a fluid, high-performance, secure, and private user experience.
- The network places a strong emphasis on maintaining Bitcoin’s decentralization principles.
Enabling Innovation and Adoption
- Through the integration of ZK technology, Thunder Network will enhance developers’ transaction speed and privacy.
- Developers will have access to powerful EVM capabilities for building applications on top of Bitcoin.
The Expertise of Salus in ZK Solutions
- Salus brings a wealth of experience in providing EVM ZK application solutions tailored for Ethereum.
- The company is renowned for its pioneering work in zero-knowledge technology solutions.
L3 Market Overview
- The Layer 3 market currently boasts a market capitalization of $713 million and a 24-hour trading volume of $65.6 million.
- Notable projects in the Layer 3 space include Degen (Base), Xai, Orbs, Aavegotchi, and Dream Machine Token.
Challenges for Layer 3 Adoption
- Despite its potential, Layer 3 has not received universal support from prominent figures in the crypto community.
- Ethereum co-founder Vitalik Buterin has highlighted technical obstacles such as data availability and bandwidth limitations.
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