According to Foresight News, Aurora Labs has developed a Bitcoin light client and relayer service to enable seamless interaction between the Bitcoin network and the NEAR protocol. This development includes a relayer that updates the latest Bitcoin transactions to on-chain smart contracts. Additionally, NEAR has introduced the Satoshi Bridge, which combines chain signatures to allow users to directly deposit BTC into NEAR and interact with its dApps. This integration leverages the NEAR protocol, incorporating Rune and Ordinals, along with future DeFi use cases.
Another application based on the light client is Allstake. It utilizes the light client as part of its native BTC staking solution to achieve shared security. This feature is expected to go live within 6 to 8 weeks.
