Blockchain Bites: Bitcoin on Ethereum– The Whos, Whats and Whys
Tokenizing bitcoin serves as a bridge in between these 2 leading cryptocurrency neighborhoods and a crucial action forward for financiers and traders taking benefit of the functions used by both blockchains. Every day up until the occasion the group behind Blockchain Bites will dive into an element of Ethereum that delights or puzzles us. Some tasks like Thesis ‘tBTC job focuses on decentralization while others, like the industry-leading covered bitcoin( WBTC)task by BitGo stresses benefit through a main custodian for all tokenized coins.To date, 7 various tasks use bitcoin tokenization services, and that list is most likely to grow along with need for more bitcoin-backed ERC-20 tokens.
