Internet Computer contracts can hold and spend Bitcoin without a bridge Smart contracts on @dfinity's Internet Computer, called canisters, can control Bitcoin, Ethereum, and Solana addresses outright, signing and submitting transactions with no bridge, wrapped asset, or oracle

What happened

The Internet Computer's smart contracts, called canisters, can now directly control Bitcoin, Ethereum, and Solana addresses. They can sign and submit transactions without needing a bridge, wrapped asset, or oracle, as announced by BSCNews.

Confirmed

Global impact / market context

This could let developers build decentralized apps that use these cryptocurrencies directly, possibly reducing costs and risks. It might make it easier for investors to use these assets in new ways, without relying on middlemen.

Analyst inference

For these cryptocurrencies, this news may increase their usefulness. If more people use them for smart contracts, demand could rise. However, the impact is uncertain until more details are known.

Analyst inference

What to watch

1. The announcement confirms that Internet Computer canisters now control Bitcoin, Ethereum, and Solana addresses directly, enabling transactions without bridges or wrapped assets. Confirmed
2. Observe whether developers start creating new applications on the Internet Computer that use these direct holdings, which could indicate growing adoption of this feature. Proposed
3. Watch if other platforms attempt similar direct control, as this could lead to more competition among smart contract networks, potentially impacting their usage. Analyst inference

Affected assets

• SOL — Solana
• BTC — Bitcoin
• ETH — Ethereum

Evidence

• x.com