Cryptocurrency prices continue to grow and rise, as well as the ongoing development of many different blockchain projects that are looking at ways to interoperate and support expansion and inclusion.

Recently, a group of developers of “BTP” – which is an inter-blockchain transfer protocol, this group of developers is the same as the core team of the “ICON” project – announced the first integration of “BTP” with the “Polkadot” system.

The “Acala”, “Moonbeam”, “Edgeware” and “Plasm” layers, four of Polkadot’s top-of-the-line filters, will be integrated into ICON’s BTP interoperability solution, enabling developers to build complex applications to take advantage of various Blockchain infrastructure.

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Although blockchain technology has come a long way, blockchain solutions are still limited in that they need intermediaries or third parties to communicate with other networks.

Since most blockchain infrastructures rely on other centralized systems to communicate with other networks, achieving the primary goal of decentralization becomes impossible.

Polkadot, ICON, and the BTP working group build interoperability solutions for decentralized applications across networks, allowing developers and participants to connect and explore opportunities on interconnected networks and their ecosystems.

Scott Smiley, Director of Strategy for the ICON Project, said:

ICON is excited to collaborate with Polkadot because we have similar ideals of a multi-networked and multi-community world.

The unique aspect of these integrations is the decentralized security that is achieved through encryption rather than other similar technologies that rely on trusted third parties.

The possibilities of this technology are limitless, but to start with, we will focus on the possibilities of transferring tokens for DeFi solutions across different blockchains.

Bulkadut and ICON mix:

The integration of the Polkadot-compatible DeFi system allows the applications of all four parachines to directly interact with ICON and any other network supported by the BTP protocol and system.

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ICON apps such as Omm.finance, Balanced.Network and Optimus.finance can easily add Parachin Polkadot cryptocurrencies and vice versa.

At the end of 2021, ICON plans to announce several additional use cases and partnerships involving decentralized applications built across different blockchain networks, such as cross-network revenue pools, NFT marketplaces…

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Earlier this month, ICON announced the creation of BTP to realize ICON’s ultimate vision.

“BTP” is a decentralized data transfer protocol operating over blockchain networks that allows the interaction of smart contracts across networks, and the transfer of cryptocurrencies and NFTs across networks…

BTP provides advantages to ICX holders by allowing the purchase of many cryptocurrencies at a discount through the auction process.

The integration with Polkadot will be launched in beta by the end of the second quarter of 2021.

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