Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain
Soon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain’s speed and fees. On September 24, Bitgo, the custodian of the Wrapped Bitcoin project (WBTC), the most popular tokenized BTC platform to-date, announced a partnership with Tron. Members of the crypto ecosystem will soon be able to leverage WBTC via the Tron (TRX) network. Just like the tokenized BTC created using Ethereum’s ERC20 token standard, the Wrapped Bitcoin (WBTC) team will utilize the TRC20 token standard from Tron’s infrastructure. Similarly,....
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The partnership will bring BitGo’s wrapped bitcoin (WBTC) into the Tron ecosystem as a TRC-20 token.
Nearly 100 DeFi-friendly WBTC have already been minted as TRC-20 tokens on Tron.
On Nov. 2, 2022, the digital asset custody business and financial services provider Bitgo introduced a wrapped version of the meme coin asset dogecoin built on top of the Ethereum blockchain. The company detailed the wrapped dogecoin initiative, the Wdoge DAO, is through a partnership between the Dogecoin Foundation, Bluepepper, and Mydoge wallet.
Bitgo Introduces Wrapped Dogecoin Initiative
Almost four years ago in January 2019, Bitgo launched the popular ERC20 token wrapped bitcoin (WBTC). WBTC is essentially a wrapped version of bitcoin built with the ERC20 standard on top of....
Public oracle project, Bridge Oracle successfully completed the launch of its mainnet on Tron blockchain on Thursday. The mainnet launch aims to give Tron blockchain users access to implementing real-world decentralized applications, or DApps, by connecting them to off-chain data. Bridge Oracle, a Tron-based public oracle aiming to play a similar role to Chainlink on Ethereum, announced the launch of its mainnet on Thursday through email. Touted as the first-ever public oracle project on Tron’s […]
BitGo Inc., a multi-signature security company, announced the release of its newest product, BitGo Instant, which removes transaction delays completely. Along with its announcement of BitGo Instant, the company has also announced its launch partners for instant transactions. “At the beginning of this week, we had six partners. At the end, we had 10. It’s not all exchanges,” Ben Davenport, CTO of BitGo, told Bitcoin Magazine . “We have a few consumer-facing apps like Fold App. All of these guys are signed up to receive BitGo transactions. Anyone with a BitGo wallet will be able to send to....