BadgerDAO Founder Builds Corn: An Ethereum Layer-2 Solution with Gas Fees Paid in BTC

BadgerDAO Founder Builds Corn: An Ethereum Layer-2 Solution with Gas Fees Paid in BTC

Chris Spadafora, the founder of BadgerDAO (BADGER), is developing a new Ethereum layer-2 solution called Corn. Corn aims to make Bitcoin more accessible and usable by introducing a hybrid tokenized Bitcoin called BTCN and enabling gas fees to be paid in BTC. To achieve this, Corn utilizes a unique architecture that combines the security and decentralization of Bitcoin with the scalability and programmability of Ethereum. This hybrid approach allows users to benefit from the advantages of both blockchains. Corn recently secured $6.7 million in a funding round led by Polychain Capital, a leading venture capital firm specializing in blockchain technology. The funding will be used to further develop and launch the Corn protocol. The integration of Bitcoin into Ethereum's ecosystem through Corn has the potential to unlock new possibilities for DeFi and Web3 applications. By eliminating the high gas fees associated with Ethereum transactions, Corn can make it more feasible for users to interact with smart contracts and decentralized applications. Furthermore, the introduction of BTCN as a tokenized representation of Bitcoin on Ethereum opens up opportunities for cross-chain liquidity and interoperability between the two blockchains. Overall, the development of Corn is a significant step towards enhancing the usability and accessibility of Bitcoin in the rapidly evolving DeFi and Web3 landscape.