TechFlow news: Interlay founder Alexei Zamyatin has proposed creating the BRC-42 standard, aiming to bridge BRC-20 tokens to external smart contract chains such as Ethereum, Solana, Polkadot, and Interlay in a fully decentralized manner. This would unlock DeFi use cases for BRC-20 tokens, including instant swaps, lending, and more.
Previously, Alexei also proposed the BRC-21 standard, which aims to bridge tokens from external blockchains like Ethereum and Solana to the Bitcoin chain in a decentralized way. Both BRC-42 and BRC-21 operate in the cross-chain domain but in opposite directions.
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