Subscribe to Our Newsletter
Monday August 15, 2022
Bitcoin (BTC) $24,099.46   Ether (ETH) $1,907.80
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Easily Swap USDT (TRC20) & More
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Koinly
CryptoNinjas
Home Featured

pNetwork cross-chain platform adds bitcoin (pBTC) to testnet

Eventually, pTokens aims to connect any crypto asset with any blockchain, not just Ethereum...

Published by CryptoNinjas.net
01/21/2020
pNetwork cross-chain platform adds bitcoin (pBTC) to testnet

pTokens, a cross-chain token platform, announced today it has linked Bitcoin to the Ethereum blockchain, with pBTC now added to its testnet. This follows EOS (pEOS), which was the first token available on the testnet launched last month.

pBTC is an ERC-20 token representation of bitcoin. It is pegged 1:1 so its value is intrinsically linked to that of bitcoin. Holders will be able to lock their BTC and instantly mint new pBTC, maintain their stake in bitcoin, while also making their coins completely useable in the Ethereum ecosystem.

Provable pTokens identify a token that is provable, portable, and pegged. A Provable pToken is an Ethereum ERC-20 token pegged one-to-one to a non-ethereum based cryptocurrency via a TEE oracle.

pTokens dApp showing successful issuance of pBTC

“pBTC presents a new paradigm; it makes bitcoin (BTC) compatible with the Ethereum blockchain, which currently has the most advanced DeFi industry. This invites Bitcoin users to explore the 100s of Ethereum DApps, platforms and tools available today. You can try out pBTC for yourself using our custom-made DApp.”
– The pTokens Team

pTokens (such as pEOS, pBTC, and many others) are:

  • Portable – pTokens can teleport any token to a different blockchain, without any friction.
  • Pegged. – Every pToken is transparently pegged to its respective token. It is a trustless 2-way peg.
  • Provable –  A decentralized process makes everything transparent. Anyone can peg-in/peg-out via the pTokens DApp.
39
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Via: pTokens Whitepaper

Related News

pNetwork and Algorand team up to build new cross-chain connections

04/27/2021
pNetwork and Algorand team up to build new cross-chain connections

pNetwork, a cross-chain composability system that allows assets and Non-Fungible Tokens (NFTs) to move freely between blockchains, has partnered with Algorand, a proof-of-stake blockchain, to launch cross-chain bridges for the Algorand ecosystem. pNetwork has...

Read more

eosfinex launches beta of mainnet, brings Bitfinex liquidity to EOS ecosystem

10/07/2020
eosfinex launches beta of mainnet, brings Bitfinex liquidity to EOS ecosystem

eosfinex, a non-custodial digital asset exchange, and portfolio management solution built on EOSIO technology, has officially launched a beta version of its mainnet, bringing Bitfinex liquidity to the EOS community. At launch, Equilibrium’s EOSDT,...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
ELLIPAL now supports Zcash (ZEC) for cold storage and trading

ELLIPAL now supports Zcash (ZEC) for cold storage and trading

01/14/2020
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Brazil payment app PicPay launches new crypto exchange service with Paxos technology

Brazil payment app PicPay launches new crypto exchange service with Paxos technology

08/10/2022
Tetrix and Pitaka crypto wallet launch ‘Tetrix Link’ to digitize contact exchange

Tetrix and Pitaka crypto wallet launch ‘Tetrix Link’ to digitize contact exchange

08/09/2022
Crypto exchange Kraken's second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

Crypto exchange Kraken’s second reserves audit adds 5 new assets: USDT, USDC, XRP, ADA, and DOT

08/12/2022
Blocknative releases new tool to enable high-speed propagation of ETH transactions

Blocknative releases new tool to enable high-speed propagation of ETH transactions

08/11/2022
SynFutures plans to integrate with Router Protocol to improve multi-chain access

SynFutures plans to integrate with Router Protocol to improve multi-chain access

08/11/2022
New Serum powered DEX for Solana from Vybe Network launches

New Serum powered DEX for Solana from Vybe Network launches

08/10/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version