tBTC

Copy link
Share on X

Claim company
Report company

Description

tBTC is a decentralized and secure solution to wrap Bitcoin on Ethereum, enabling Bitcoin holders to participate in the Ethereum DeFi ecosystem without intermediaries. Managed by Keep Network, tBTC tokens are fully backed by Bitcoin at a 1:1 ratio, ensuring trustless and decentralized asset bridging. Utilizing random beacon and ECDSA signers, tBTC offers high security against fraud and collusion. The project operates transparently through an open-source model, allowing community verification. tBTC is designed to be censorship, seizure, and inflation-resistant while avoiding artificial Bitcoin supply expansion. It eliminates the need for KYC processes or intermediaries, providing a robust alternative to fiat-backed stablecoins. Currently, tBTC has a supply of 14 tokens, priced at $53,621.14 each, and is traded on 22 markets.

Socials

Similar companies

BTC on Ethereum

BTC on Ethereum bridges BTC with DeFi on Ethereum, enabling Bitcoin's use in lending, borrowing, and yield farming via tokenization (e.g., WBTC, RenBTC). It strengthens cross-chain utility and liquidity.

tBridge

tBridge is a cross-chain solution enabling secure, fast asset transfers across blockchains, enhancing interoperability and DeFi connectivity without centralized exchanges.

pTokens BTC [OLD]

OLD

BTC Relay

BTC Relay is a blockchain bridge enabling Ethereum smart contracts to verify Bitcoin transactions, enhancing DeFi by integrating Bitcoin's security and immutability, without intermediaries.

All The Keeps

All The Keeps connects Bitcoin with Ethereum's DeFi, using TBTC for 1:1 Bitcoin representation. It enables trustless lending, borrowing, or staking of Bitcoin on Ethereum's DeFi without intermediaries.

Bitcoin 2.0

BTC 2.0 combines Bitcoin's security with Ethereum's functionality, enabling value transfer and smart contract capabilities on Ethereum.

Huobi BTC

Huobi BTC (HBTC) integrates Bitcoin's liquidity into the DeFi ecosystem with a strict 1:1 BTC peg, enhancing decentralized finance.

TProtocol

The Next Generation DeFi Infrastructure.

DeCus

DeCus.io enables secure, seamless Bitcoin use in Ethereum's DeFi via a unique Keeper Network for decentralization and safety, creating eBTC for cross-chain asset movement.

Wrapped Bitcoin

Do More with your Bitcoin by leveraging Wrapped Bitcoin’s Ethereum integration and high liquidity.

Threshold Network

Threshold Network provides full control over your digital assets using advanced cryptographic techniques and decentralized solutions.

BitTorrent Chain

BitTorrent Chain (BTTC) is a scalable, cross-chain protocol enhancing blockchain interoperability and enabling EVM-compatible DApps, focused on low-cost transactions & high throughput.

FAQ

What is tBTC and how does it function?

tBTC is a decentralized and secure BTC-backed ERC-20 token that operates on the Ethereum platform. It enables users to wrap Bitcoin and utilize it in decentralized finance (DeFi) activities on Ethereum, such as lending, borrowing, and yield farming. tBTC is fully backed 1:1 by Bitcoin, maintaining key Bitcoin properties like censorship and seizure resistance. It operates without intermediaries or KYC processes, ensuring a trustless and decentralized method for users to bridge Bitcoin into Ethereum's ecosystem.

How does tBTC provide benefits compared to other wrapped Bitcoin solutions?

tBTC offers distinct advantages over other wrapped Bitcoin solutions by ensuring complete decentralization and transparency. Unlike solutions involving intermediaries, tBTC operates without KYC, avoiding potential points of failures or manipulation. It is censorship and inflation-resistant, with every tBTC token backed 1:1 by Bitcoin, preventing artificial supply expansion. These features make tBTC a robust alternative to fiat-backed stablecoins and other synthetic assets within the DeFi ecosystem.

How does tBTC maintain security for its users?

tBTC ensures high security through its use of a random beacon and ECDSA signers, making it resistant to fraud and collusion. This design minimizes reliance on intermediaries, similar to Bitcoin mining. Additionally, tBTC is an open-source project, allowing community verification of its practices and code to enhance transparency and safety. By maintaining a decentralized architecture, tBTC offers robust protection for users transferring Bitcoin to Ethereum.

Why would someone use tBTC to interact with DeFi platforms?

Using tBTC allows Bitcoin holders to access the expansive and innovative decentralized finance (DeFi) offerings available on Ethereum. By wrapping Bitcoin with tBTC, users can engage in DeFi activities like lending, borrowing, and yield farming without losing exposure to Bitcoin's value. tBTC provides a decentralized, secure, and reliable avenue for Bitcoin holders to diversify their crypto assets and benefit from the liquidity of the Ethereum DeFi ecosystem.

Is there any risk of inflation or devaluation of tBTC tokens?

tBTC is designed to be inflation-resistant, with each token being backed by an equivalent amount of Bitcoin. This ensures that there is no artificial expansion of Bitcoin's supply through the cross-chain minting process. By maintaining a strong supply peg across chains through this 1:1 backing, tBTC preserves its value as 'hard money,' similar to Bitcoin. This mechanism makes it less susceptible to inflation or devaluation.

How can users verify the functioning and reliability of the tBTC system?

As an open-source project, tBTC presents its practices and code for public scrutiny, allowing users and the community to verify its reliability and functionality. This transparency ensures that the system remains trustworthy and secure for its users. Any individual can review the smart contracts and processes governing tBTC, which is crucial to maintaining decentralization and trustlessness in the decentralized finance (DeFi) space.

FAQ

Company is unclaimed. Do you work for or own this company?

Description

Socials

Tags