![Skale IMA Bridged WBTC Logo](https://coin-images.coingecko.com/coins/images/39128/small/wbtc.png?1720668642)
Skale IMA Bridged WBTC WBTC
1. Summary
- Description
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Skale IMA Bridged WBTC
Skale IMA Bridged WBTC
Skale IMA Bridged WBTC is a cryptocurrency that facilitates the transfer of tokens between the Ethereum mainnet and SKALE Chains. It leverages the Interchain Messaging Agent (IMA) bridge to enable secure and efficient transactions. This bridge allows users to transfer ETH, ERC-20, ERC-721, and ERC-1155 tokens between networks.
Key Features
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Token Cloning and Transfer:
- Tokens are cloned on SKALE Chains, ensuring a 1:1 peg with the original tokens on Ethereum.
- The IMA bridge manages the minting and burning of tokens to maintain this peg.
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Security Mechanisms:
- Uses BLS threshold signatures and Trusted Execution Environments (TEE) to secure transactions.
- Backed by Ethereum mainnet and SKALE Chain security mechanisms.
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Flexibility:
- Supports a wide range of token standards (e.g., ERC-20, ERC-721, ERC-1155) and can be expanded to include any arbitrary message or token standard.
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Speed and Efficiency:
- Transfer times are significantly faster compared to other bridges, with deposits and withdrawals taking seconds.
About Wrapped Bitcoin (WBTC)
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Definition:
Wrapped Bitcoin (WBTC) is an ERC-20 token backed 1:1 with Bitcoin.
- It provides a transparent and verifiable means of transferring Bitcoin on the Ethereum network.
Benefits
- Security: The Skale IMA Bridge ensures a secure and fault-tolerant transfer mechanism.
- Speed: Fast transfer times enable efficient transactions.
- Flexibility: Supports a broad range of token types and allows for customization.
- Cost Efficiency: Competitive with other bridges in terms of costs.
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Token Cloning and Transfer:
Price | |
All Time High (ATH) Date | 13th Jul 2024 (1 month ago) |
All Time Low (ATL) Date | 13th Jul 2024 (1 month ago) |
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WBTC
How does Skale IMA Bridged WBTC's (WBTC) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
0.0%
WBTC
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Similar Market Cap
We're monitoring 124 Skale IMA Bridged WBTC GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Skale IMA Bridged WBTC Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 2
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 114
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Top Developers 2024
In total, 0 developers have contributed to Skale IMA Bridged WBTC over the past year. Who are the most active Skale IMA Bridged WBTC developers, by commits, over the past year?
Related Projects
Developers working on Skale IMA Bridged WBTC also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
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Twitter followers | 213,878 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
Website | https://skale.space/ |
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Explorer | https://elated-tan-skat.explorer.mainnet.skalenode... |
@SkaleNetwork | |
/r/SKALEnetwork |
What is the correct contract address for Skale IMA Bridged WBTC?
Skale | 0xcb011e86df014a46f4e3ac3f3cbb114a4eb80870 |
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Has Skale IMA Bridged WBTC been audited for security?
No security audits found for this project.
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