tBTC protocol
Overview
tBTC is a decentralized bridge protocol that enables the transfer of Bitcoin to the Ethereum blockchain as an ERC-20 token. Users deposit Bitcoin into a multi-signatory system and mint an equivalent amount of tBTC, which can be used in Ethereum-based DeFi applications. The protocol maintains its peg through a rotating group of signers and over-collateralization using ETH.
Within the DeFi Intel graph, tBTC connects to 5 tracked entities, most strongly to Ethereum, Bitcoin, T.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Bitcoin | 95% |
supports_token | T | 95% |
audited_by | Trail of Bits | 85% |
audited_by | ConsenSys Diligence | 85% |
Frequently asked questions
What is tBTC?
tBTC is a decentralized bridge protocol that enables the transfer of Bitcoin to the Ethereum blockchain as an ERC-20 token.
How does tBTC maintain its peg?
The protocol maintains its peg through a rotating group of signers and over-collateralization using ETH.
Which blockchains does tBTC run on?
tBTC is deployed on Bitcoin and Ethereum.