According to BlockBeats, Omnity Network's founder, Louis, delivered a speech at EthCC on July 12. He revealed that Omnity's cross-chain protocol has successfully linked Bitcoins, ICP, Bitlayer, Merlin, BEVM, Bob, X Layer, and B^2 Network. The protocol supports cross-chain transfers, minting, and burning of Runes, a type of digital asset. The cross-chain asset volume of Runes has reached $600,000, placing Omnity at the forefront of this emerging field.
Omnity is a 100% decentralized cross-chain network, fully implemented by smart contracts. It does not rely on any off-chain components such as relayers or indexers. This provides a fast, convenient, and low-cost user experience, making it an ideal cross-chain infrastructure for Bitcoin network assets. Omnity has opened up composable protocol interfaces for initiating Rune etching, minting, transfers, and burning from the second layer, thereby promoting the integrated development of Bitcoin L1 and L2.
