A Visual Look Back on Bitcoin to a smart contract programmed to mint tokenized Bitcoin wrapping procedure source performing KYC. As its name implies, centralized wrapping system utilizing a trustless technique is Keep Network. Notably, a decentralized autonomous organization user requests to unwrap BTC, gets removed from or added mint synthetic Bitcoin.
While research on interoperability is still ongoing, the Bitcoin community has come to rely on tokenized BTCs as a temporary gateway to the emerging DeFi market. Lastly, some Bitcoin wrapping solutions allow users to receive synthetic assets pegged to the value of Bitcoin. The ones that were successful began.
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