๐ช Wizard Protocol leads in the development of an asset adaptation protocol on the #Bitcoin network vs challenges of infra limitations ๐ Follow us & Watch this space as $WIZ continues to make magic! โจ
Wizard Indexer Oracle๐ฎ is a decentralized #Bitcoin native asset indexer infrastructure.๐ฏOur team ensures the verifiability, accuracy & traceability of asset data's historical records & balance calculations by implementing the algorithm through smart contracts on the chain ๐
Alakazam! Wizard Protocol pioneers adaptation of #Bitcoin assets to the #EVM, broking through the limitations of the Bitcoin network โก๏ธthis enables users to meet diverse DeFi needs through enhanced interoperability & accelerates growth in the ecosystem with some tech wizardry๐ช
๐ง๐ปโโ๏ธWizard Protocol's Adapter protocol achieves conversion of #BRC20 and #ERC20 through
#3.๐งฉBitcoin Puzzles & Teleburn๐ฅ- in the locking & unlocking stages, these mechanisms are utilized. Wizard Protocol provides standardized APIs to enhance product & user experience!๐ฅ
๐ง๐ปโโ๏ธWizard Protocol's Adapter protocol achieves conversion of #BRC20 and #ERC20 through
#2. ๐Bitcoin SPV Library (on #EVM): Synchronizing Bitcoin block header data to the EVM chain through an oracle architecture โ๏ธโ๏ธ
๐ก Crypto Basics
Unlike Ordinals, which allows for the creation of NFTs, Runes is designed specifically for the launch of fungible tokens on Bitcoin. ๐
Will it be cryptoโs next big trend? ๐
๐ https://t.co/DBmWVkuVak
๐ง๐ปโโ๏ธWizard Protocol's Adapter protocol achieves conversion of #BRC20 and #ERC20 through
#1. ๐Indexer Oracle: A smart contract extensively checks BRC20 tokens / token movements & cross checked it with other indexers to ensure there are no indexing conflicts โ๏ธ
Wizard Protocol's Adapter protocol achieves the conversion between #BRC20 <--> #ERC20 through the following modules: Indexer Oracle, Bitcoin SPV Library (on EVM) & Bitcoin puzzles + teleburn. ๐ Follow us & watch this space as we dive into the sorcery thats runs the engineโจโจ
๐ช BRC-20 Adapter is a set of protocol conversion standards vs traditional cross-chain bridges๐ It facilitates the transformation/connection between #BRC20 assets and assets on the #EVM Chain, handling conversion more efficiently for the future growth of the DeFi landscape๐
Let us take a look into the๐ง๐ปโโ๏ธWizard's Crystal Ball ๐ฎ-> it envisions that by decentralizing #BTC & #BRC20 into the #EVM system, a cutting-edge #DeFi ecosystem can be created relying on BTC's consensus! Let us know if you share the same vision๐
The native Bitcoin network holds trillions in assets, including #Bitcoin, #BRC20 tokens & Bitcoin hashpower. Several notable solutions & L2 implementations have emerged but the Bitcoin ecosystem still requires further enhancements๐ค
That's where our magic comes in ๐ฎ๐