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Polkadot's PolkaBTC Alpha Testnet Goes Live

Mary Liu

Summary: According to an official press release, Polkadot's first Bitcoin anchor token, PolkaBTC Alpha testnet has been launched. The first testnet allows users to issue and redeem their first PolkaBTC and connect the Bitcoin testnet to the BTC-Parachain testnet. This marks an important milestone for BTC-Parachain. After the final deployment, users will be able to transfer ...

According to an official press release, Polkadot's first Bitcoin anchor token, PolkaBTC Alpha testnet has been launched. The first testnet allows users to issue and redeem their first PolkaBTC and connect the Bitcoin testnet to the BTC-Parachain testnet. This marks an important milestone for BTC-Parachain. After the final deployment, users will be able to transfer 1:1 Bitcoin-backed assets to Polkadot in the form of PolkaBTC, and use these assets in many applications including decentralized exchanges, stablecoins, and lending protocols.

By Mary Liu

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