Key Takeaways:
- Bifrost Wallet now supports Bitcoin, Dogecoin, and Litecoin integration with WalletConnect.
- New features simplify cross-chain transactions and enhance UTXO blockchain compatibility.
- Market prices for Bitcoin, Dogecoin, and Litecoin show notable changes following the integration.
YEREVAN (CoinChapter.com) — Bifrost Wallet has integrated Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC) with WalletConnect. This update allows users to connect these UTXO-based blockchains with decentralized applications (dApps) through WalletConnect. The addition expands WalletConnect’s reach, previously focused on account-based blockchains like Ethereum.
New Bifrost Features Simplify UTXO Blockchain Transactions
The integration includes new features that improve compatibility with UTXO-based blockchains. One feature is the getAccountAddresses method, which enables dApps to retrieve current addresses from a user’s wallet. Another feature is the sendTransfer method, which allows dApps to propose payment transactions with prefilled recipient details, amounts, and memos. The bip122_addressesChanged event keeps dApps informed about changes to wallet addresses and balances.
These features make it easier to manage transactions across Bitcoin, Dogecoin, and Litecoin, enhancing the overall user experience.
Crypto Market Shifts Following Bifrost Wallet Integration
Following this integration, the market prices for the involved cryptocurrencies are:
Bitcoin (BTC) is trading at $60,718.28, up 4.38% in the last 24 hours. The cryptocurrency’s market cap now stands at $1.19 trillion, maintaining its position as the top digital asset.
Dogecoin (DOGE) is priced at $0.1053, showing a 6.01% increase in the same period. The 24-hour trading volume surged by 12.45%, reaching $1.98 billion, as interest in the meme coin continues to grow.
Litecoin (LTC) is currently at $66.25, down by 0.65%. Despite the slight dip, its 24-hour trading volume has increased by 7.90%, reaching $252.89 million.
These figures reflect the current market trends for these cryptocurrencies.
Bifrost Wallet’s integration extends WalletConnect’s capabilities to include UTXO-based blockchains. Users can now manage their assets across multiple blockchains within a single interface.
