Nomic DAO Foundation Adds Ethereum Support to Nomic Bitcoin Decentralized Custody Engine

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ODAILY
09-13
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Odaily Odaily News Nomic DAO Foundation announced the addition of Ethereum support on Nomic's Bitcoin decentralized custody engine. The team said: "This will enable Bitcoin to enter and exit Ethereum seamlessly, bringing Bitcoin into the largest DeFi ecosystem. Starting with a test network, Nomic will facilitate deposits and withdrawals of native Bitcoin on Ethereum without relying on centralized custodians. In addition to introducing Bitcoin to Ethereum through nBTC, this upgrade also introduces a new protocol framework that uses Nomic's decentralized custody engine to easily create Bitcoin-backed assets at a lower cost." (CoinDesk)

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