This is a proof of concept implementation of a BTC Parachain to bring Bitcoin into the Polkadot universe. It allows the creation of InterBTC (PolkaBTC), a fungible token that represents Bitcoin in the Polkadot ecosystem. InterBTC (PolkaBTC) is backed by Bitcoin 1:1 and allows redeeming of the equivalent amount of Bitcoins by relying on a collateralized third-party.
Relative Project: Kintsugi
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