Wrapped BTC (Trustless Bridge) Logo

Wrapped BTC (Trustless Bridge)

Wrapped BTC (Trustless Bridge) header image

1. Summary

Ranks

Liquidity
-
Developer
-
Social
13
Momentum (beta)
0
Stack Rankā„¢
-
Price
$42,542.00 0.0%
Market Cap
$0.00 (#12667)
Supply
/
Tags
Price
52W High price $33,506.63
52W High date 14th Jul 2023 (1 year ago)
All Time High (ATH) Date 3rd Mar 2025 (3 months ago)
All Time Low (ATL) Date 3rd Mar 2025 (3 months ago)
Supply & Trading Volume
Trading Volume (24h) $49.00
Description

Wrapped BTC (Trustless Bridge) is a bridge that enables the transfer of Bitcoin assets between the Bitcoin network and the Ethereum network. It permits users to move their BTC from the Bitcoin network to the Ethereum network, allowing them to interact with decentralized finance (DeFi) applications on Ethereum.

Wrapped BTC (Trustless Bridge) is a bridge that enables the transfer of Bitcoin assets between the Bitcoin network and the Ethereum network. It permits users to move their BTC from the Bitcoin network to the Ethereum network, allowing them to interact with decentralized finance (DeFi) applications on Ethereum.

What are Bridges

Bridges are a type of infrastructure that enables the transfer of assets between different blockchain networks. They facilitate the flow of assets from one blockchain to another, enabling cross-chain interoperability. By using bridges, users can utilize their assets across various blockchain platforms, which is particularly valuable for assets native to one network but not supported by another.

How They Work

Wrapped BTC is a wrapped token that represents the value of Bitcoin on the Ethereum network. When a user wants to mint Wrapped BTC, they send their Bitcoin to the Bitcoin-Ethereum bridge. The BTC is then locked up, and a corresponding Wrapped BTC token, pegged to the value of the original coin, is created on Ethereum. This Wrapped BTC token can be used on Ethereum-based DeFi platforms for lending, yield farming, and other activities.

The Wrapped BTC bridge uses a trustless approach, meaning that it does not rely on intermediaries. Instead, the bridge uses a random beacon to select validators who are responsible for custodying the locked-up Bitcoin assets. These validators must put down collateral to ensure that they do not misbehave. This approach provides additional security and integrity to the bridging process.

Overall, the Wrapped BTC bridge plays a crucial role in connecting the Bitcoin and Ethereum networks, facilitating the free flow of assets and enhancing the overall functionality and viability of DeFi applications.

2. Price

2.1. Market Performance

How does Wrapped BTC (Trustless Bridge)'s () performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

%

-

Similar Market Cap

3. Developer Activity

No GitHub repos found. Either the project is not open source or we don't have data yet.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users
Twitter followers 217
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://trustlessbridge.io/
Twitter @TrustlessOnBTC

What is the correct contract address for Wrapped BTC (Trustless Bridge)?

Trustless-computer 0xfb83c18569fb43f1abcbae09baf7090bffc8cbbd

Has Wrapped BTC (Trustless Bridge) been audited for security?

No security audits found for this project.

Are you the owner of Wrapped BTC (Trustless Bridge)? Edit it here

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