tBTC v2

What is TBTC and how Does It Work?

TBTC is a vital part of the Threshold Network, a decentralized platform that focuses on enabling cross-chain confidentiality and interoperability. Underscoring the seamless transfer of assets and data amidst diverse blockchains, it also ensures privacy through threshold cryptography which eases the reliance on central authorities to maintain confidentiality. The network operates with its native token, TLD that underlines significant roles in governance and enhancing network utility. An active participation in the broader Threshold Network ecology can cause an accumulation of TLD tokens, derived from being a part of initiatives and alliances. It's echoed in the 'Earn BTC' initiative by Threshold Network where contributing liquidity to the TBTC/BTC pool may garner DLD tokens.

The platform's functionalities happen to be linked to creating connections, aspiring to bridge distinct blockchains that reinforce continuity and facilitation of asset and data transfers. A segment of the network's purpose is tied to dealing with prevailing issues surrounding privacy and confidentiality. Their strategies promote user control over their assets and data. Functional partnerships foster the evolution of the network, spurring progress through joint endeavors. Threshold Network's wide-ranging compatibility spans across blockchains such as Ethereum, Bitcoin, and Keep Network. As per the ERC-20 token norm, the TLD token is instrumental within the Threshold Network environment. Participating in liquidity mining and contributing liquidity to the TBTC/BTC pool might aid in acquiring more TLD tokens. Token holders wield an active influence over the network, backed by a decentralized operation framework allowing choices and determining the overall progression of the network. The foundation of the network consists of a team of trained professionals excelling in the realm of blockchain, cryptography, and finance.

The Vision and Mission Behind TBTC

TBTC serves as a connector between the key attributes of Bitcoin and Ethereum, amalgamating the key aspects of these two prevailing tokens. It facilitates the usage of Bitcoin with Ethereum smart contracts, which allows for compatibility and extend the range of Bitcoin in the Ethereum ecosystem. TBTC gives traders the capability to transform their Bitcoin to an ERC-20 token on Ethereum, which creates a bridging functionality between these two platforms. The procedure of minting and redeeming TBTC is decentralized, operating without a central authority. TBTC incorporates Bitcoin's proof-of-work consensus mechanism aligning it with Ethereum's proof-of-stake consensus approach. This fusion enables cross-chain operations while preserving the functionality of both tokens within their respective frameworks.

How to Buy and Store TBTC?

To purchase TBTC, Flooz.xyz offers a streamlined process. Flooz.xyz is a one-stop solution for buying this token, using a smooth checkout without the need to own a wallet. All payment methods are supported, ensuring a hassle-free experience. Additionally, Flooz.xyz provides a self-custodial web wallet which allows you to seamlessly store, send, and receive TBTC tokens. Creating a self-custodial wallet on Flooz.xyz takes just a few seconds, using your email, Google, or Apple ID. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. By aggregating more than 50+ providers, Flooz.xyz ensures you have access to the fastest and cheapest payment routes for your TBTC trades. This also ensures that you have control over your funds at all times, thanks to the power of cryptography.

TBTC Metrics:

• Current price: $62,161.6490

• Market cap: $234.36 M

• All-time high: $72.61 k (Mar 14, 2024)

• All-time low: $10.1 k (Sep 23, 2020)

• Daily trading volume: $250.27 k