blockchainreporter.net
OG Labs, a popular modular artificial intelligence chain, has commenced an exclusive partnership. The company says it has collaborated with the BTC staking infrastructure program ‘Mirror Staking Protocol’ also referred to as ‘Mirror’ to have an improved experience including the latest developments. On its X account, OG Labs disclosed the details of the partnership.
1/ 💥0G is pleased to partner with Bitcoin staking infrastructure project @Mirror_L2
— 0G Labs (@0G_labs) April 24, 2024
This will provide access to:
a) DA functionality,
b) Modularity for enhanced interoperability,
c) Improved security via 0G Storage
d) 0G-based AI models.
Here's why this is big🤩#0g_labs… pic.twitter.com/HFcwmtP0oZ
OG Labs Collaborates with ‘Mirror Staking Protocol’ for Improved Bitcoin Interoperability
It disclosed that the collaboration will provide several benefits concerning the biggest crypto asset. In this respect, the endeavor will offer access to DA functionality as well as modularity for increased interoperability. The other facilities under this partnership take into account enhanced security with the use of OG Storage.
In addition to this, the collaboration will also provide artificial intelligence models based on OG. While providing the purpose of this endeavor, the company mentioned that the Bitcoin network faces some limitations. As per it, the network is deficient in the functionality regarding smart contracts. In this case, the consumers are limited to just transacting or holding assets.
On the other hand, the platform of Mirror permits Bitcoin to experience a conversion into mBTC at a 1:1 scale. The respective token is compatible with Ethereum Virtual Machine (EVM). Moreover, it can go through a deployment on the PoS-based layer 2 or layer 1. The platform utilizes nodes to enable the conversion. Each of these nodes locks up one mBTC in the form of collateral.
For big transfers, there is a need for authorization from more nodes. In turn, the mBTC token can effectively generate yield and fulfill restaking purposes. Apart from that, the coin also operates as a PoS network’s native gas. OG also revealed the 4 integration benefits as a result of the latest development.
The Joint Endeavor Enhances the User Experience
One of them deals with the functionality of data availability. The other things include unique AI-driven products, improved security, and interoperability optimization. The DA infrastructure of OG enables data transactions across the chains between diverse networks.
Hence, Mirror can benefit from this to accomplish DA purposes. They include validation of past transfers, state offloading, and so on. OG’s modular AI chain (that links diverse networks) and Mirror, which links Bitcoin with proof-of-stake layer 1s and layer 2s are now operating collaboratively. This improves the interoperability of Mirror, while likely enabling exclusive use cases along with an improved consumer experience.