tBTC-Preis 

TBTC

Existing solutions that bridge Bitcoin to the multi-chain ecosystem require users to send their Bitcoin to a centralized intermediary to exchange it for an Ethereum token that represents the original asset.

This centralized model requires you to trust a third party and is open to censorship and potential fraud. This opposes Bitcoin’s core ethos of a secure and permissionless store of value.

tBTC is a truly decentralized Bitcoin bridge that provides Bitcoin holders permissionless access to DeFi.

tBTC replaces centralized intermediaries with a randomly selected group of node operators on the Threshold Network. This group of independent operators works together to secure deposited Bitcoin through threshold cryptography.

A majority threshold agreement from node operators is required to mint or redeem tBTC. Node operators are constantly rotated, which protects deposits against any malicious individual or group.

Unlike other solutions on the market, tBTC users are reliant on math, not hardware or people.

tBTC was created by a decentralized effort of contributors at the Threshold Network DAO, and extensively utilizes the Threshold Network’s threshold cryptography to create a secure BTC asset. tBTC is a product launched on Threshold Network, on which many other decentralized applications are being built.

Threshold Network DAO was born out of the first on-chain merger between two decentralized protocols, Keep Network and NuCypher early in 2022. The DAO has successfully operated since that time, and supports an active community of contributors that work towards building tBTC liquidity and usability.

tBTC is available for trading on a growing number of exchanges and blockchains, paired with various other assets.

tBTC can be used in a suite of DeFi applications that allow users to generate yield with their BTC in a secure manner. Please visit threshold.network for a full list of tBTC integrations to get started.