Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoi...
According to onchain statistics, there is a colossal amount of bitcoin, approximately 141,231 bitcoins or $3.3 billion at the time of publication locked into Ethereum-based tokens. There are roughly seven different wrapped or synthetic bitcoin tokens but the Wrapped Bitcoin project has the lion’s share of coins with 115,411 under custody. At the time of writing, there is a great number of bitcoin (BTC) locked into the Ethereum (ETH) network for projects that have issued wrapped or synthetic BTC tokens. Right now there’s 141,231 BTC being leveraged on Ethereum between seven....
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Peercoin was the first Bitcoin-based monetary system to use proof-of-stake as a mechanism to ensure its own integrity. However, there are some objections to Peercoin's proof-of-stake model. This article presents those objections along with a similar system redesigned to address them. In a simplified version of Peercoin's proof-of-stake design, each node can use part of its balance as a stake allowing it to chain blocks. The bigger that stake, the more chances this node has of increasing the block chain. The reward for chaining blocks is 1% of the used stake as newly minted coins, annually.....
As the end of the year approaches, the price of bitcoin has hovered above the $60K region and with 18.8 million bitcoin in circulation, bitcoin’s market valuation is over $1.16 trillion today. Meanwhile, the number of tokenized bitcoins in existence today has swelled significantly during the last three years, climbing to 408,210 bitcoin worth $25 billion today.
More Than 400,000 Wrapped, Synthetic, or Tokenized Bitcoins in the Wild
Wrapped, synthetic, or tokenized bitcoin has become a growing trend during the last two years and nine months. Bitcoin.com News reported on....
MakerDAO, the leading DeFi platform, has revealed a significant $1 billion investment in tokenized US Treasury securities in a move that has rocked the crypto industry. This strategic action is likely to change the basic principles of the decentralized finance (DeFi) ecosystem. Related Reading: Coinbase Sounds The Alarm: Crypto Market Rollercoaster To Persist Major Players […]
More than $6 billion worth of Bitcoin is now tokenized on Ethereum as WBTC. One percent of Bitcoin’s circulating supply is currently tokenized as Wrapped BTC (WBTC), equating to nearly $6.2 billion worth of BTC. The milestone was acknowledged by the product manager of crypto custody firm BitGo, Kia Mosayeri, who tweeted the news on June 7. BitGo is the custodian for the Wrapped Bitcoin protocol, which was launched its Bitcoin-backed ERC-20 token WBTC on Ethereum in January 2019.1% of all BTC has been wrapped into $WBTC! https://t.co/jOi0LZZUyi— WBTC (@WrappedBTC) June 7, 2021 According to....
According to data recorded on December 28, there’s approximately 434,265.43 bitcoin-pegged or wrapped bitcoin tokens worth more than $21.3 billion across several blockchains. Ten different bitcoin-pegged projects exist today and the project Wrapped Bitcoin dominates 59.66% of all the tokenized bitcoin in circulation.
Close to a Half Million Tokenized Bitcoin Circulates on Several Blockchains, Wrapped Bitcoin Dominates by 59%
Toward the end of 2018, when tokenization really started heating up in the crypto space, a number of different projects launched bitcoin-pegged token....