Express

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

Last Update:

Tags: ,,,
Link: New Bitcoin-Backed Token "tzBTC" Launches On The Tezos Blockchain   [Copy]
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago
  • You need to login to comment.