Top Highlights

• With the Bitcoin halving and Runes protocol launch taking place this weekend, Dfinity is continuing Internet Computer's embrace of the Bitcoin ecosystem by adding support for etching Runes tokens and other BTC-centric functionality, the company said on Tuesday.
• Internet Computer's latest Bitcoin integration comes via the implementation of Threshold-Schnorr signatures, which will allow ICP’s smart contracts—which power decentralized apps (dapps) and other on-chain activities—to read Bitcoin addresses and sign transactions on-chain. The full implementation is expected this summer
• In January, Bitcoin layer-2 developer Bitfinity unveiled plans to use an Ethereum Virtual Machine (EVM) sidechain for the creation of Bitcoin Ordinals using ICP. In November, Bioniq launched a Bitcoin Ordinals marketplace on the ICP network
• “The core technical challenge with any distributed cryptographic protocol is the initial setup of private keys, ensuring the system can run with the required security guarantees,” Connolly said. “ICP has a distributed key generation protocol that is the result of decades of research, and will be used for the initial Threshold-Schnorr key setup, and...

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