Exchange tBTC

What is tBTC (TBTC)?

tBTC (TBTC) is a decentralized, ERC20 token that represents Bitcoin on the Ethereum blockchain. Launched in May 2020, the project was created by Matt Luongo of Thesis, aiming to bridge Bitcoin and Ethereum. By enabling seamless swaps, the tBTC (TBTC) swap provides Bitcoin holders access to Ethereum’s ecosystem.

tBTC project milestones

• Launch of tBTC V1: In May 2020, tBTC V1 was launched, marking the first step toward decentralized cross-chain swaps.
• Audit Completion: In August 2020, an intensive security audit was completed, ensuring the protocol's reliability and security.
• tBTC V2 Announcement: The project announced its second version in 2021, providing enhanced security features and increased decentralization.
• Integration with major wallets: In 2021, tBTC was integrated with popular wallets, expanding its accessibility and user base.
• Community governance implementation: In 2022, the introduction of community governance enabled decisions and changes to be made by the tBTC community.

Stay updated with the latest tBTC (TBTC) news, as any update may significantly affect the TBTC price.

Tokenomics of TBTC

Built on the Ethereum blockchain, TBTC tokens aim to bring the value and liquidity of Bitcoin into the Ethereum ecosystem, primarily through decentralized finance (DeFi) applications. TBTC serves as a medium of exchange, a utility, and a stable digital asset within its network. It is a collateralizable, ERC20 token, with a total supply pegged to the number of Bitcoin locked to produce TBTC. The tBTC (TBTC) exchange facilitates trading across various platforms.

Key features of tBTC (TBTC)

With a unique protocol that bridges Bitcoin to Ethereum, tBTC (TBTC) stands out for its innovative approach to decentralized finance. Here are some key features:

• Non-custodial: Ensures complete independence and security for each user by eliminating third-party risk.
• Open-source: Provides full transparency and developer collaboration through a publicly maintained codebase.
• Decentralized signers: Secure signers decentralized among users ensure there is no single point of failure in transactions.
• tBTC (TBTC) price chart: Offers real-time tracking against Bitcoin and other currencies, enhancing decision-making for traders.

The versatility of tBTC (TBTC) allows it to be used in a variety of applications:

• Collateral in DeFi protocols: Utilize TBTC as collateral for loans.
• Cross-chain liquidity provision: Enhance liquidity opportunities by bridging BTC to Ethereum-based platforms.
• tBTC (TBTC) converter: Seamlessly swap between TBTC and other tokens.
• Payments and remittances: Use TBTC in peer-to-peer payments, maintaining digital asset stability.

The average fees on the tBTC Network

The average fee on the tBTC (TBTC) exchange network is approximately $20 per transaction, varying depending on network congestion and other factors that impact gas prices.

The TBTC token wallets

• Metamask: A widely-used wallet known for its user-friendly interface and compatibility with decentralized apps.
• Ledger Nano S: Offers high-level security as a hardware wallet storing private keys offline.
• Trust Wallet: A mobile wallet enabling seamless swaps and decentralized app access for users on the go.
• Coinbase Wallet: A convenient option for users of the Coinbase exchange, providing easy access to TBTC.
• Trezor: A hardware wallet offering robust security and ease of use for cryptocurrency management.

Begin your crypto exchange journey today on SwapSpace, where you can explore opportunities to swap tBTC (TBTC). With a straightforward tBTC (TBTC) currency converter and competitive exchange rates, SwapSpace simplifies how to swap tBTC (TBTC) while keeping you informed of the latest tBTC (TBTC) prices.