Avalanche announces Core Browser Extension, add BTC support

Avalanche says BTC bridging is presently solely obtainable through its Core Browser Extension.

Avalanche has added help for native Bitcoin (BTC) on the platform, which is able to occur through the Avalanche Bridge, in keeping with a press launch revealed on Wednesday.

The answer permits customers to make the most of their Bitcoin within the DeFi sector by instantly transferring BTC to Avalanche, with customers in a position to faucet into incomes and yield alternatives. 

Prospects will nonetheless be capable to maintain Bitcoin on their portfolio, the staff on the Layer 1 blockchain stated within the announcement.

Over $500 billion in worth to Avalanche DeFi

Avalanche, which is suitable with the Ethereum Digital Machine (EVM), launched the Bridge performance in August 2021. Over $50 billion in worth transfers have occurred within the blockchain’s DeFi ecosystem by way of the bridge since.

This can probably go up massively if the characteristic sees vital uptake throughout the Bitcoin neighborhood. In response to Avalanche, the BTC help targets unlocking over $500 billion of worth presently on the Bitcoin community and bringing it to the Avalanche DeFi ecosystem.

With the discharge of @CoreApp_, the Avalanche Bridge has added help for bridging native Bitcoin to #Avalanche

This new performance unlocks half a trillion {dollars} of worth on the Bitcoin community, permitting customers to place their $BTC to work on Avalanche🤝https://t.co/CHNQ7ck2oz

— Avalanche 🔺 (@avalancheavax) June 22, 2022

Ava Labs releases Core browser extension

Avalanche’s launch of the BTC Bridge got here on the identical time that Ava Labs introduced the launch of its Core Browser Extension. The non-custodial extension, obtainable free of charge to customers, is designed to assist clients discover Web3 alternatives on Avalanche.

Customers in search of to make use of their BTC within the DeFi ecosystem through the brand new bridge might want to obtain the Core Browser Extension. Avalanche doesn’t help BTC bridging through Metamask or different wallets, the staff stated.

There are plans to additionally add help for Ethereum (ERC-20) tokens by way of the browser extension.