Express

RSK Launches Interoperability Bridge Between Bitcoin And Ethereum

Janelle Fox

Summary: On Thursday, the RSK project announced the creation of Token Bridge, an interoperability protocol between the Bitcoin-pegged sidechain and Ethereum. The Token Bridge allows for the two-way transfer of any token between the RSK and Ethereum ecosystems. This will allow Ethereum users to transact with wrapped representations of RSK’s rBTC and RIF tokens, which will ...

On Thursday, the RSK project announced the creation of Token Bridge, an interoperability protocol between the Bitcoin-pegged sidechain and Ethereum.

The Token Bridge allows for the two-way transfer of any token between the RSK and Ethereum ecosystems. This will allow Ethereum users to transact with wrapped representations of RSK’s rBTC and RIF tokens, which will increase the indirect exposure to the Bitcoin ecosystem. This also applies to RSK users, who are exposed to Ethereum-based stablecoins such as DAI.

By Janelle Fox

Last Update:

Tags: ,,,,
Link: RSK Launches Interoperability Bridge Between Bitcoin And Ethereum   [Copy]
Next:

Related Articles

  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 5 hours ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 11 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 12 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 14 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 14 days ago

    • You need to login to comment.