tBTC protocol
Overview
tBTC is a permissionless bridge mechanism that allows Bitcoin to be moved onto the Ethereum network in the form of an ERC-20 token. Participants send Bitcoin to a multi-signature arrangement and receive a corresponding quantity of tBTC, which can then be employed within Ethereum’s decentralized finance ecosystem. The peg is preserved via a periodically changing set of signers and an over-collateralisation of ETH.
Within The Counterparty graph, tBTC connects to 5 tracked entities, most strongly to Ethereum, Bitcoin, T.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Bitcoin | 95% |
supports_token | T | 95% |
audited_by | Trail of Bits | 85% |
audited_by | ConsenSys Diligence | 85% |
Frequently asked questions
What is tBTC?
tBTC is a decentralized btc tracked in The Counterparty knowledge graph. It is connected to 5 other tracked entities, most strongly to Ethereum, Bitcoin, T.
What type of entity is tBTC?
tBTC is classified as a decentralized btc (protocol) in The Counterparty knowledge graph.
What is tBTC connected to?
In The Counterparty knowledge graph, tBTC is linked to 5 other tracked entities, most strongly to Ethereum, Bitcoin, T.