Thread by @Dagnum_PI

1/10
$ICP is on a mission to become a true World Computer, integrating major blockchains like #Bitcoin and #Ethereum, creating a multi-chain environment where centralized bridges are obsolete! Learn how the integration will enable seamless interactions between smart contracts.

2/10
With native Bitcoin integration already deployed, $ICP is now working on a native trustless integration with the Ethereum network. This will allow smart contracts on both platforms to communicate and interact with each other, unlocking numerous use cases. #ICP #ETH

3/10
X-chain smart contract calls will offer a wide range of use cases, such as swapping ERC-20 tokens, natively holding ETH and major stablecoins like USDC, and trading ETH NFTs without wrapping on ICP-based NFT marketplaces. #blockchain #crypto

4/10
Ethereum integration will utilize chain-key ECDSA signing, enabling every canister smart contract to have an ECDSA key pair to derive Ethereum addresses and sign transactions. #security #cryptocurrency

5/10
The Ethereum integration will be built in two phases: Phase 1 involves HTTPS outcalls, while Phase 2 will involve full protocol-level integration to realize an on-chain Ethereum API on the Internet Computer. #tech #innovation

6/10
Phase 1: ICP community members & DFINITY engineering teams are working together to build a readily-deployable canister that offers the on-chain Ethereum full node API, using HTTPS outcalls to cloud API providers to securely query the Ethereum blockchain & send transactions.

7/10
Phase 2: Full protocol-level integration with Ethereum will involve running Ethereum full nodes next to each ICP replica on a large ICP subnet, and communicating with these subnets through ICP consensus. #integration

8/10
Chain-Key ETH & ERC-20 tokens, like ckETH and ckERC-20 tokens (including ckUSDC and ckUSDT stablecoins), will turbocharge ICP DEXs and bring major liquidity to the ICP ecosystem, enabling fast, low-tx-fee ETH on the Internet Computer without centralized intermediaries.

9/10
The future of blockchain is multi-chain! The Internet Computer's integration with Ethereum will help solve pain points like costly gas fees and limited scalability, paving the way for a more inclusive and user-friendly crypto ecosystem. #future #technology

10/10
For more information on ICP's Ethereum integration and its implications for the blockchain ecosystem, Direct Integration with Ethereum - Roadmap - Internet Computer Developer Forum
forum.dfinity.org/t/direct-integ…
#ICP #Ethereum #crypto

I've also got a portal for bridging both $DAG & $ICP community together
2023 is going to be an amazing year for both ecosystems

dscvr.one/p/outpost-hgtp