Mintlayer, a Layer-2 protocol linked to Bitcoin and decentralized finance (DeFi), announced its partnership with Salus, a Web3 security services platform, to develop Thunder Network, a Layer-3 solution built on BTC. The new network promises scalability, improved privacy, and faster transaction speeds.
Thunder Network will allow to use Ethereum Virtual Machine (EVM) capabilities in a Bitcoin-connected application. Developers will also be able to create decentralized applications (DApps).
Mintlayer and Salus Will develop “Thunder Network” On L3
The partnership marks a significant advancement in integrating Bitcoin with the blockchain ecosystem by incorporating L3 rollups with zero-knowledge (ZK) technology. Rollups are independent blockchains where users make transactions and send that data to Ethereum.
Mintlayer and Salus seek to provide Thunder Network with a fluid, high-performance, secure, and private user experience while maintaining Bitcoin‘s decentralization principles.
“Partnering with Salus is a significant milestone in Mintlayer’s mission to revolutionize Bitcoin’s scalability. Through integrating ZK, Thunder Network will enhance developers transaction speed and privacy while providing with powerful EVM capabilities to build applications on top of Bitcoin. “We’re excited to work with Salus to unlock Bitcoin’s full potential and drive the future of DeFi,” commented Enrico Rubboli, Mintlayer Founder.
Read more: A Beginner’s Guide to Layer-2 Scaling Solutions
Salus has experience in providing EVM ZK application solutions designed exclusively for Ethereum, making it a pioneer in zero-knowledge technology solutions.
“The synergy between Salus’ privacy-enhancing ZK solutions and Mintlayer’s Bitcoin layer 2 scaling expertise will drive innovation and adoption in the Bitcoin space while maintaining security, privacy, and decentralization,” said Shawn Chong, Salus COO.
The Layer 3 market has a market capitalization of $713 million and a 24-hour trading volume of $65.6 million. Notable L3 projects include Degen (Base), Xai, Orbs, Aavegotchi, and Dream Machine Token.
Read more: How to Achieve EVM Compatibility in Non-EVM Blockchains
However, Layer 3 has not generated widespread enthusiasm among prominent crypto figures. Ethereum co-founder Vitalik Buterin noted that implementing L3 faces technical obstacles like data availability and bandwidth limitations.
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