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Home»Blockchain»Mintlayer and Salus are teaming up to launch the L3 ZK-based Thunder Network
Blockchain

Mintlayer and Salus are teaming up to launch the L3 ZK-based Thunder Network

2024-05-19No Comments3 Mins Read
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Mintlayer, a prominent Layer-2 scaling solution, has partnered with Salus, a security company specializing in zero-knowledge (ZK) proofs, to introduce the Thunder Network: an advanced Layer-3 ZK rollup-based network designed to improve Bitcoin’s position. scalability and functionality.

Enhancing the capabilities of Bitcoin with Thunder Network

The Thunder Network initiative is poised to transform the utility of Bitcoin by integrating advanced privacy features, improved transaction speeds, and greater scalability. This Layer-3 solution improves on these aspects and provides Ethereum Virtual Machine (EVM) compatible functionalities. This allows developers to seamlessly build applications that are both secure and reliable on Bitcoin-connected infrastructure.

This integration means that existing EVM dApps will be compatible, simplifying the process for developers to innovate on the Bitcoin network via the Mintlayer protocol.

“Working with Salus is an important milestone in Mintlayer’s mission to revolutionize the scalability and functionality of Bitcoin. Through the integration of ZK, Thunder Network will improve transaction speed and privacy while providing developers with powerful EVM capabilities to build innovative applications on top of Bitcoin. We are excited to work with Salus to unlock Bitcoin’s full potential and power the future of DeFi.”
—Enrico Rubboli, founder of Muntlegger

Salus’ reputation for advancing privacy-enhancing technologies and their proven track record in the Ethereum ecosystem made them an ideal partner for Mintlayer. Earlier this year, Salus introduced a series of groundbreaking ZK solutions specifically for Ethereum, highlighting their expertise and innovative approach to blockchain privacy and security.

Building a future-proof Bitcoin network

“We are excited to join forces with Mintlayer to build the Thunder Network, an advanced Layer-3 solution that will redefine the way developers and users interact with Bitcoin. 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.”—Shawn Chong, COO of Salus

The Thunder Network is strategically designed to solve potential scaling issues faced by the Mintlayer network, while also enabling additional EVM functionality that may currently be missing in Mintlayer. This approach ensures that the network remains robust and scalable and can support a wide range of applications.

See also  Centrifuge and IOSG Ventures launch a $500 million tokenization push

To block

The collaboration between Mintlayer and Salus via the Thunder Network represents a significant advancement in the evolution of Bitcoin and its functionality within the broader blockchain ecosystem. By incorporating Layer-3 ZK rollups, the Thunder Network aims to provide a seamless, powerful user experience without compromising the security, privacy, and decentralization that Bitcoin is known for.

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Launch Mintlayer Network Salus teaming Thunder ZKbased
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