Stacks sBTC protocol
Overview
sBTC is a non-custodial, two-way peg mechanism that allows Bitcoin (BTC) to function within the Stacks ecosystem for smart contracts and dApps. This asset is fully collateralised by Bitcoin at a 1:1 ratio, with its peg upheld by a group of Stackers who authorise transactions. Classified as a bridge protocol, sBTC enables Bitcoin-based decentralised finance on Stacks.
Within The Counterparty graph, Stacks sBTC connects to 2 tracked entities, most strongly to Bitcoin, Trail of Bits.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Bitcoin | 95% |
audited_by | Trail of Bits | 70% |
Frequently asked questions
What is Stacks sBTC?
Stacks sBTC is a bridge tracked in The Counterparty knowledge graph. It is connected to 2 other tracked entities, most strongly to Bitcoin, Trail of Bits.
What type of entity is Stacks sBTC?
Stacks sBTC is classified as a bridge (protocol) in The Counterparty knowledge graph.
What is Stacks sBTC connected to?
In The Counterparty knowledge graph, Stacks sBTC is linked to 2 other tracked entities, most strongly to Bitcoin, Trail of Bits.