Internet Computer (ICP) Integrates Threshold-Schnorr Signatures for Enhanced Bitcoin Operations

Decentralized blockchain network Internet Computer Protocol has successfully implemented threshold-Schnorr signatures to harness the potential of Bitcoin-based decentralized finance and web3., the new cryptographic signature scheme will enable ICP smart contracts to etch the Bitcoin token standard, Runes, and trade BRC-20 tokens.

After the next Bitcoin halving, mining will become less profitable as block rewards will be cut in half. Miners will have to rely on more transaction fees to stay afloat. Introducing innovative applications on Bitcoin will increase the value of blockspaces, resulting in more fees.

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