Elastos announces BTC Oracle that will make EVM compatible chains Bitcoin L2
Blockchain project Elastos announced the launch of BTC Oracle, a solution that will make all EVM-compatible chains become Bitcoin L2. Elastos states that BTC Oracle is part of Elastos' BTC L2 "BeL2", which is a BTC L2 that can directly develop and manage Bitcoin native smart contracts. Elastos' BTC Oracle acts as a zero-knowledge proof data provider source, providing real-time Bitcoin information for EVM smart contracts. A prototype has been provided to demonstrate how to stake ELA in exchange for Bitcoin rewards.
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