Categories: Bitcoin Latest News

Everyone Wants a Piece of the Bitcoin Pie, Now the AI Bots Are Coming for It Too

Bitcoin’s (BTC) market cap is consistently in excess of 50% of the size of the total crypto industry, meaning more funds are held in BTC than every other digital asset combined.

With bitcoin dominance reaching multiyear highs of over 60% during the current bull market, projects built on other networks have been looking for ways to get a slice of the pie. Now the AI bots are giving it a go.

Artificial intelligence-focused Ethereum layer-2 blockchain Mode is the latest to bridge to Bitcoin in an attempt to access the deep wells of liquidity held in BTC.

Mode has teamed up with rollup protocol BitcoinOS (BOS) to give AI agents on its network permissionless access to Bitcoin, according to an emailed announcement on Thursday.

BOS recently carried out a similar integration with the Cardano network, activating its Grail bridge to facilitate the flow of BTC in that ecosystem.

The Grail bridge uses zero-knowledge (ZK) technology to allow assets to be transferred between the respective networks. ZK proofs are cryptographic protocols that allow one party to prove a statement is true to another without revealing additional information.

Mode is an Ethereum layer-2 built with Optimism’s OP Stack and aims to scale decentralized finance (DeFi) applications through on-chain agents powered by AI.

Read More: Leading Bitcoin Layer 2 Picks Optimism’s Red-Hot Superchain to Link to Ethereum

Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

Recent Posts

Bitcoin at $100K – Industry Reaction

Post ContentRead MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

22 minutes ago

Michael Saylor Predicts Bitcoin Market Cap Of $280 Trillion By 2045—What Will The Price Be?

In a recent interview with Fox Business, Michael Saylor, co-founder and chairman of MicroStrategy, expressed…

22 minutes ago

The Guatemalan Government Is Taking A Closer Look At Bitcoin — All Because Of A Meme

Follow Frank on X. (Author's note: In this Take, I offer an interpretation of recent events in…

22 minutes ago

$100,000 Bitcoin Price Is Just The Beginning

Wow, we finally hit $100,000 bitcoin. What a time to be alive! A cypherpunk experiment…

22 minutes ago

The Month Bitcoin Shattered Records – Dive into The Bitcoin Report!

November 2024 will be remembered as one of the most significant months in Bitcoin's history.…

2 hours ago

Bitcoin 30-Day Trader Profits Back In ‘Healthy’ Range, Is BTC Ready For $100,000?

On-chain data shows the unrealized gains of the 30-day Bitcoin investors are now back inside…

3 hours ago