Bitcoin Bridged to Avalanche Surpasses BTC Locked in Lightning Network

, a trusted execution environment embedded in a process. The SGX enclave then creates or mints an equivalent amount of BTC.b to the user wallet that sent the initiating Bitcoin transaction.

"A lot of institutions I speak with have at least part of their holdings allocated to BTC–either as a reserve asset, for portfolio diversification, or other reasons. Whether you’re looking to simply send/receive BTC quickly and cost effectively, earn yield passively on your BTC holdings, or borrow against them, BTC.b on Avalanche is your easy answer to doing so," Krupetsky said.

A bitcoin holder wanting to access the Ethereum-based DeFi first needs to mint the wrapped bitcoin token called WBTC. The process is handled by merchants such as Loopring, DeversiFi, and the custodian BitGo.

avalabsofficial avalancheavax MorganKrupetsky godbole17 Bitcoin dot based

avalancheavax MorganKrupetsky godbole17 wow nice

avalancheavax MorganKrupetsky godbole17 wow nice

avalancheavax MorganKrupetsky godbole17 At this point BTC.b is becoming the natural route of BTC, bros. 🔺

BrandoCoronado4 avalancheavax MorganKrupetsky godbole17 This is amazing news. So glad you guys are covering this.

avalancheavax MorganKrupetsky godbole17 BTC maxis should like this, things are changing here and it is nice to see this bridge working so good

avalancheavax MorganKrupetsky godbole17 I think everyone who owns BTC is tempted to run it over the Avalanche bridge right now 😂

avalancheavax MorganKrupetsky godbole17 So it's avalanche token price isn't the only thing that is going up, huh? Interesting

avalancheavax MorganKrupetsky godbole17 I think the figures already show that it is safe to bridge BTC to Avalanche. Also, the process to do so it's easy with Core. I think there are already quite a few people taking advantage of it 🔥.

avalancheavax MorganKrupetsky godbole17 $BTC.b is helpful for people who want to try the growing DeFi ecosystem 🤑

avalancheavax MorganKrupetsky godbole17 Actually, this is the best that could've happened to BTC, it got a technology boost thanks to Avalanche, and Avalanche in return gets even more adoption and usecases, it's a total win-win if anyone asks me

avalancheavax MorganKrupetsky godbole17 Doesn't sound like a bad idea for people with some bitcoin stored (like me) to keep taking benefits from it through DeFi products found in BTC.b. It's looking pretty solid for now, as supply keeps rising.

avalancheavax MorganKrupetsky godbole17 Trust DeFi to put BTC to good use

avalancheavax MorganKrupetsky godbole17 Lightning network lol

avalancheavax MorganKrupetsky godbole17

avalancheavax MorganKrupetsky godbole17 Bitcoin? Avalanche? 🤔. Store your Bitcoin safely and don't do this.

avalancheavax MorganKrupetsky godbole17 $ICP is better. No bridges to be hacked

Avalanche MorganKrupetsky godbole17 This is a rather remarkable fact since it is Bitcoin. Congratulations to the folks at avalancheavax who took a big step with BTC.b ☺️ 👏

Avalanche MorganKrupetsky godbole17 Cornucopias coin

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