Tuesday January 19, 2021
Bitcoin (BTC) $37,192.00   Ether (ETH) $1,417.86
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas.net
No Result
View All Result
Home Networks & Protocols

pTokens 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

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.
10
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Via: pTokens Whitepaper

Related Posts

Brave integrates IPFS to enable users to browse the decentralized web

01/19/2021
Tellor introduces new localized stable token protocol

Tellor introduces new localized stable token protocol

01/19/2021

Crypto finance provider Amber surpasses $530 million AUM

01/19/2021

SETL completes first CBDC fund transaction on live market infrastructure

01/19/2021
Human Protocol to launch decentralized labor pools on Solana blockchain

Human Protocol to launch decentralized labor pools on Solana blockchain

01/19/2021
Japan's Coincheck lists Enjin Coin after regulatory approval

Japan’s Coincheck lists Enjin Coin (ENJ) after regulatory approval

01/19/2021
Load More

Discussion about this post

Recent Updates

Brave integrates IPFS to enable users to browse the decentralized web

Tellor introduces new localized stable token protocol

Crypto finance provider Amber surpasses $530 million AUM

SETL completes first CBDC fund transaction on live market infrastructure

Human Protocol to launch decentralized labor pools on Solana blockchain

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Purchase 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit

Trending Views

Billions of dollars in bitcoin becomes available to creditors of Mt.Gox bitcoin exchange

Zilliqa tokenizes rare single-malt scotch whisky casks, now available to accredited investors

Crypto payment and wallet project TenX shuts down

Fenbushi Capital launches $15M+ investment fund for Filecoin and IPFS ecosystem

Crypto exchange Poloniex launches XRP perpetual futures

  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2021 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

© 2021 CryptoNinjas Disclosures | Privacy Policy