Key Metrics

Real Volume (24H)$10,522.55
Fully Diluted Valuation$5,456,687
ATH Date5/9/2022, 8:35:11 PM
ATL Date9/23/2020, 11:54:17 PM
Circulating Supply331
Total Supply331
Popularity Rank483
What is tBTC?

Introducing tBTC (tBTC), an ERC-20 token that revolutionizes the way Bitcoin holders interact with the Ethereum blockchain and tap into the decentralized finance (DeFi) ecosystem. As an open-source project backed by prominent groups like Keep, Summa, and the Cross-Chain Group, tBTC offers a seamless bridge between Bitcoin and Ethereum, enabling users to unlock the full potential of both networks.

At its core, tBTC is designed to provide a trustless and secure method for converting Bitcoin into an Ethereum-compatible token. Each tBTC token is fully backed and pegged 1:1 to a reserve BTC, ensuring that the value of tBTC always mirrors the price of Bitcoin. This unique feature allows Bitcoin holders to leverage the benefits of Ethereum's DeFi ecosystem without parting with their Bitcoin holdings. With tBTC, users can freely convert between BTC and tBTC at any time, eliminating the need for intermediaries and enhancing financial autonomy.

The tBTC platform relies on the expertise of key players in the blockchain space. Keep, known as Ethereum's privacy layer, serves as the off-chain container for private data, ensuring that sensitive information remains secure. Summa, on the other hand, specializes in providing tailored interoperability solutions to companies within the blockchain ecosystem. The Cross-Chain Group, a dedicated industry resource and working group, drives the advancement of cross-chain architecture research and implementation. Together, these entities lend their expertise to the development and growth of tBTC, propelling it to the forefront of blockchain innovation.

One of the significant advantages of tBTC is the ability for users to earn yields and participate in the DeFi ecosystem without relying on intermediaries. By integrating their tBTC with protocols like Compound, users can lend or borrow assets, generate passive income, and mitigate counterparty risk. This seamless integration opens up new avenues for financial opportunities, enabling users to maximize the potential of their Bitcoin holdings while benefiting from the vibrant Ethereum DeFi landscape.

It's important to note that tBTC operates on a supply peg rather than a price peg to BTC. While the value of tBTC is directly tied to BTC, slight deviations in the absolute terms of their trading values may occur. This means that tBTC may trade at a slight discount or premium compared to BTC, reflecting the dynamic nature of the market.

As tBTC continues to evolve, the project is actively working on improving its collateral system to enhance the safety and efficiency of the platform. By transitioning from a 150% ETH/BTC collateral ratio to a lower 135% ratio, tBTC aims to optimize the use of collateral while maintaining the security of the system. The team behind tBTC is also exploring new mechanisms that could potentially reduce the collateral ratio to as low as 40%, further enhancing the accessibility and flexibility of the platform.

To encourage widespread adoption and seamless integration, tBTC is committed to open-source development. The codebase is freely available, empowering developers to build interfaces and applications that align with their specific needs and product offerings. This flexibility and accessibility ensure that the tBTC ecosystem can continue to evolve and adapt to the ever-changing demands of the blockchain community.

The journey of tBTC began on September 22, 2020, with the launch of the tBTC token. Prior to that, the alpha version of tBTC went live on May 15, 2020, marking an important milestone in the development and testing of the platform. Since then, tBTC has garnered significant attention and support within the blockchain community, positioning itself as a groundbreaking solution for bridging the gap between Bitcoin and Ethereum.

In conclusion, tBTC (tBTC) represents a transformative solution that allows Bitcoin holders to seamlessly access the Ethereum ecosystem and benefit from the world of decentralized finance. With its trustless and secure design, tBTC enables users to convert their Bitcoin into Ethereum-compatible tokens, providing them with endless possibilities within the DeFi landscape. Backed by leading players in the blockchain space and continuously evolving through open-source development, tBTC is poised to shape the future of cross-chain interactions and empower users with newfound financial opportunities.


The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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