Polkadot Now Has a Decentralized Version of 'Wrapped' Bitcoin

2022-8-11 17:14

Interlay introduces a decentralized and trustless wrapped bitcoin bridge for DeFi users on Polkadot who are wary of third-party custodians and merchants.

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Polkadot To Introduce Bitcoin As A Wrapped Asset ‘PolkaBTC’ In Early 2021

Open-source blockchain network Polkadot has announced that wrapped Bitcoin is coming to its protocol, as PolkaBTC, to enhance true interoperability in blockchain networks in January 2021. PolkaBTC will ensure several guarantees for its holders, including the ability to always redeem PolkaBTC for BTC, get reimbursement at a beneficial rate in the collateral currency, and access […]

2020-10-16 19:45


Web3 Foundation Is Funding a Project To Bring Bitcoin to Polkadot Via BTC-Parachain

The non-profit organization behind Polkadot, which is the Web3 Foundation, has decided to finance a new bridge that links the blockchain Polkadot network to Bitcoin (BTC). The London-based developer company Interlay is going to be funded by Web3 and build a BTC Parachain that brings BTC-backed assets onto the Polkadot network. The parachain will use […]

2020-3-6 21:23