<aside> <img src="/icons/info-alternate_green.svg" alt="/icons/info-alternate_green.svg" width="40px" /> 0xBridge enables seamless, non-custodial, and efficient two-way Bitcoin movement across blockchains, allowing users to mint 1:1 pegged BTC without relinquishing control of their original assets.
</aside>
Led by Satyam who brings deep domain engineering experience, this team which has been assembled through previous experiences has deep Web3 experience across engineering, product, design.
Satyam Agrawal, CEO
Rahul Gupta, Lead Engineer
Bitcoin’s blockchain does not offer the programmability required to tap into its liquidity. This non-programmable nature limits Bitcoins use in DeFi and Web3 on chains like Ethereum, Solana, and TON etc..
Existing Layer 2 solutions like wBTC suffer security flaws as regards custody and their non-transparent nature. Layer 2 solutions such as Bitlayer or Stacks also lack interoperability and thus add to fragmented liquidity.
0xBridge is creating the first truly non-custodial and highly decentralized bridge that allows for the safe transfer of Bitcoin from the Bitcoin layer L1 to any other blockchain. This is achieved by minting 0xBTC on the destination chains. 0xBridge is more trustless and decentralised compared to others in the market. 0xBridge’s AVS utilises re-staking platforms such as EigenLayer, Pell Network, etc. to provide economic security at a low cost while ensuring a high level of security.
0xBridge charges tx fees of 0.1% for minting and burning.
Additionally, 0xBridge can also serve as a complimentary time- and cost-saving settlement layer for existing L2 solutions which need to go through a heavy unwrap-swap process.