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New Bitcoin-Backed Token "tzBTC" Launches On The Tezos Blockchain

Ramsey Baker

Summary: A group of cryptocurrency firms based in Switzerland have come together to release the “tzBTC,” a 1:1 bitcoin-backed token on the Tezos blockchain. According to an announcement from the Bitcoin Association today, the tzBTC will allow holders to interact with Tezos smart contracts while pegging to the value of bitcoin. By Ramsey Baker

A group of cryptocurrency firms based in Switzerland have come together to release the “tzBTC,” a 1:1 bitcoin-backed token on the Tezos blockchain.

According to an announcement from the Bitcoin Association today, the tzBTC will allow holders to interact with Tezos smart contracts while pegging to the value of bitcoin.

By Ramsey Baker

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