We are proud to deliver our latest integration with Stacks — a Bitcoin layer for smart contracts!
This announcement represents a significant milestone for the Allbridge ecosystem, as this is the 20th chain to be added to Allbridge Classic.
“At Allbridge, we strive to be on the forefront of cross-chain innovation,” said Andriy Velykyy, co-founder and CEO of Allbridge. “The latest integration allows us to bring cross-chain interoperability to the Stacks network and broaden access to Bitcoin’s technology among the DeFi community. It also offers NFT enthusiasts the possibility to interact with Ordinals marketplaces available on Stacks.”
“Allbridge’s support of Stacks is another important step toward an interoperable, multi-chain world,” says Mitchell Cuevas, Director of Activation at Stacks Foundation. “With the bridge in place, it’s now easier than ever for new users and developers from other ecosystems to access applications powered by and secured by Bitcoin via the Stacks layer.”
At launch, users will be able to explore Stacks and its diverse ecosystem of dApps by bridging Allbridge token ABR from chains like Ethereum, Polygon, Solana, and more!
We are excited to contribute to the growth of the Stacks network and invite you to check out our newest integration!
Stacks is a Bitcoin Layer for smart contracts; it enables smart contracts and decentralized applications to use Bitcoin as an asset and settle transactions on the Bitcoin blockchain.
In December 2022, the sBTC whitepaper was released along with plans for the 2023 Nakamoto Release which will bring faster speeds and transactions backed by 100% of BTC security to the Stacks Layer. The launch of sBTC will unlock Bitcoin as a fully programmable, productive asset for countless use cases. In the Stacks ecosystem, there are currently 30+ companies in including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, New Internet Labs, Mechanism, Daemon Technologies, ALEX, Arkadiko etc. — it is a truly decentralized ecosystem.
About Allbridge Classic
Allbridge Classic is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM and non-EVM compatible blockchains. Our mission is to make the blockchain world borderless by providing a tool to freely move assets between various blockchains.