1BTC just launched on the Harmony blockchain with an operational BTC bridge and there’s nothing about it in this sub.
This is a huge play by Harmony and opens up a suite of low cost, higher yield options for BTC holders looking to get returns on their investment (see Tranquil Finance); this also paves the way for BTC to be more widely used as a transactional currency as adoption into other Dapps occurs. This will only be aided further by the low cost of the harmony blockchain.
What are people’s thoughts on this?
Pretty big but a lot of the other chains have already had Bitcoin bridges.
I personally don’t use them because the upside for Bitcoin is high enough already, and generally the interest yields aren’t high enough to justify the additional risk of bridges and smart contract hacks (not to mention user error!).
not interested in bridging my btc. ever. but carry on those that do…
Bridges are a point of failure. State proofs are the only way to go with this.
One of the shills from this sub which is a great project.I stacked it up thanks to u guys
I’ll start talking about it when I’ve loaded up my bags with a few more paychecks xD
But seriously, yes, ONE has a great roadmap ahead, it finished 2021 very strongly in the market and in developments, and will continue to make strides in 2022 🙂
No regrets making ONE my largest alt-coin in my portfolio!
Harmony is the network I spend the most time on by far. Nothing overly serious, but I like farting around with the various defi options. I’ve only got a small amount spread around but it’s fun to interact with platforms when the fees are basically negligible.
I too like this ONE
ONE will explode when we hit the bull market again
It’s still early days for the project but it has potential.
Its all cool, but then a single BTC Transaction is like 20 $. Im not a whale, but a 7% return isn’t worth paying 20$ when you can get 5% even on Binance
People are idiots, don’t worry. They still would shill chains which can’t properly run an AMM/DEX after years or one where you need to pay $100 to interact with a smart contract. Bridges are le bad, Vitalik is the smartest. They can’t even think by themselves.
Yeah if there is anything that bitcoin has taught me its that paper receipts are bullshit. Not your keys not your coins
OP a lot of reddit crypto is not ready for defi yet, enjoy this period where even the people “in” crypto are not “in” crypto, they’d just be diluting our yields anyway
Harmony is still pretty unpopular but is a growing project. It will get more exposure soon enough.
Harmony is underrated man, people only hype shitcoins.
Isn’t ATOM basically ONE except more developed? Idk anything man idk how to find this shit out
I’ve never heard of it. I think like a lot of Harmony ONE projects, it sounds solid with little to no marketing.
There was at least ONE guy talking about it 😉
One to $1 in march
Just waiting for some hacker to attack this bridge too :/
I will never buy anything related to it because harmony shills on this sub are insufferable. Yes, I know that’s petty, but you people are a bit much.
I’m pissed and lost confidence with Harmony and SushiSwap because 1BTC. Before bridge 1BTC was priced 10x of the price of BTC. SushiSwap listed 1BTC/ONE LP and farm. I got in on Beefy using zap feature putting ONE as a single asset and didn’t notice price of 1BTC was way off of market price. After bridge lunched the peg is back to market price, in result of me losing funds. Luckily not much, but in my opinion it was big dick move from SushiSwap especially. Devs admitted it would be good idea to mark super risky LP’s on the platform.
One is a really great project. I think it will pump when we are back on track.
Market is down, low volume. Defi is quieter atm.
Sounds risky
ICP will make Bitcoin bridges obsolete so I’m gonna keep buying icp
bridges suck. buckle up for state proofs on the algo chain