Riftdex Debuts Trustless Bitcoin-Ethereum DEX with Lower Fees Than Binance via ZK Proofs

Oct 4, 2024, 06:30 PM

Riftdex has announced the first trustless decentralized exchange (DEX) between Bitcoin and Ethereum, utilizing zero-knowledge proofs to verify BTC swaps for any token on Ethereum. As the first launch from the Succinct residency, the platform employs SP1 circuits and a ZK Bitcoin light client that runs on any Ethereum Virtual Machine (EVM) chain. The exchange enables seamless Bitcoin-Ethereum bridging with no middlemen and offers lower fees than centralized exchanges like Binance and Coinbase. This development marks a significant advancement in cross-chain trading, potentially unlocking multi-chain liquidity and streamlining user experiences.