EXCLUSIVE: TheTNetwork is now working with cross-chain token protocol Wormhole in an effort that hopes to allow the easy movement of a tokenized representation of bitcoin to some twenty blockchain ecosystems. By shauryamalwa
Bridges are blockchain-based tools that allow the transfer of tokens between different networks – a mechanism thatThe Wormhole bridging plan relies upon a new method for bridging ERC-20 tokens that allows the efficient deployment of capital to Ethereum sidechains.
A canonical token – i.e. one that is native to an ecosystem rather than wrapped – will then be deployed for each new chain. This way, the tBTC supply remains intact and risk is corralled in local ecosystems.
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Blue Chip Firms Join Global Blockchain Network; World Effect of Soaring Bitcoin Network FeesListen to this episode from The Hash on Spotify. The most valuable crypto stories for Tuesday, May 9, 2023.This episode is sponsored by Ciphertrace.'The Hash' tackles today's hot topics: Private equity giant Apollo is part of a bid to buy bankrupt crypto lender Celsius. Fintech firm Digital Asset is launching a blockchain network with some big names like Microsoft, BNP Paribas and Deloitte, among others. Pudgy Penguins raises millions in new capital for its NFT project. Global consequences are being felt as transaction fees on the Bitcoin network surge.See also:Private-Equity Giant Apollo Is Part of a Bid to Buy Bankrupt Crypto Firm CelsiusDigital Asset Will Start Global Blockchain Network With Deloitte, Goldman Sachs and OthersNFT Project Pudgy Penguins Raises $9MAfrica Moves to Lightning, Stablecoins as Bitcoin Transaction Fees SoarCiphertrace, a Mastercard company, helps banks, governments, regulators, exchanges and VASPs to trace the movement and risk of crypto funds, uncover illicit activity, and help comply with global regulations. Get in touch today to find out more at Ciphertrace.com.-This episode has been edited by senior producer is Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
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