Chain-key Bitcoin CKBTC Price
Introduction
Chain-key Bitcoin (ckBTC) is a trustless, multi-chain twin of Bitcoin, created through chain-key cryptography and Internet Computer smart contracts. More
Token Stats
| Fully Diluted Valuation | $53.35M |
|---|---|
| 24H Trading Volume | $81,411 |
| 24H Low / High | $106.16K / $ 111.27K |
| Circulating Supply | 485.79 |
| Total Supply | 485.79 |
| Max Supply | 21.00M |
Info
| Categories | Tokenized BTC 1 more |
|---|---|
| Founder | Internet Computer |
| Website | internetcomputer.org |
| Socials | |
| Chains | Internet-computer Ecosystem |
| Explorer | Internetcomputer |
| Contracts |
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|
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| Name | Pair | OG Score |
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About Chain-key Bitcoin $ckbtc
Enter ckBTC, a game-changer in the world of cryptocurrency. It's a multi-chain version of Bitcoin, created using chain-key cryptography and Internet Computer smart contracts. This innovation brings speed, security, and cost-effectiveness to Bitcoin transactions like never before.
Breaking it Down:
ckBTC's secret sauce lies in its unique blend of chain-key cryptography and Internet Computer smart contracts. These elements work together to create a trustless, decentralized version of Bitcoin, without relying on bridges or centralized custodians. With ckBTC, transactions are lightning-fast, taking only 1-2 seconds to finalize, and fees are practically non-existent.
Standout Features:
What sets ckBTC apart is its direct integration with the Bitcoin network. Through chain-key ECDSA signing, ckBTC transactions are executed securely using a decentralized network of ICP nodes. This eliminates the need for middlemen, reducing the risk of security breaches and other vulnerabilities.
Comparison with Lightning Network:
While the Lightning Network has been a popular choice for fast Bitcoin transactions, ckBTC offers a simpler and more flexible alternative. Unlike Lightning, which relies on payment channels, ckBTC transactions can be conducted directly through smart contracts. This means there are no liquidity limitations, opening up possibilities for new on-chain applications.
Looking Forward:
ckBTC's potential doesn't stop with Internet Computer. Plans are in place to expand its reach to other blockchain networks, including Ethereum. This will enable seamless interaction between different blockchain ecosystems, making cross-chain transactions a breeze.
In Conclusion:
With ckBTC, the future of Bitcoin transactions looks brighter than ever. Its blend of speed, security, and simplicity makes it a force to be reckoned with in the world of cryptocurrency. As we continue to embrace the possibilities of Web3, ckBTC stands ready to lead the way towards a more decentralized and interconnected financial future.
What is unique about Chain-key Bitcoin (CKBTC)?
ckBTC stands out for its trustless, multi-chain design, utilizing chain-key cryptography and Internet Computer smart contracts to enable lightning-fast Bitcoin transactions without the need for bridges or centralized custodians.
Who are the founders of Chain-key Bitcoin (CKBTC)?
The founders of ckBTC are the team behind the Internet Computer project, spearheading the integration of chain-key cryptography and smart contracts to revolutionize Bitcoin transactions.
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