menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Introducin...
source image

Kraken

4w

read

298

img
dot

Image Credit: Kraken

Introducing Kraken Wrapped Bitcoin (kBTC): Unleashing Bitcoin’s potential across networks

  • Kraken has introduced Kraken Wrapped Bitcoin (kBTC), a fully backed, cross-network-compatible ERC-20 token.
  • kBTC is backed 1:1 by an equivalent amount of Bitcoin held securely in Kraken's custody.
  • It allows Bitcoin to be used in decentralized applications (dApps) on networks like Ethereum and OP Mainnet.
  • kBTC leverages Kraken's industry-leading custody infrastructure and brings the power of Bitcoin to new networks.

Read Full Article

like

17 Likes

For uninterrupted reading, download the app