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BTCB Asset

Definition ∞ BTCB is a wrapped version of Bitcoin that operates on the Binance Smart Chain (BSC). It represents Bitcoin in a BEP-2 token standard, allowing Bitcoin holders to utilize their assets within the BSC decentralized finance ecosystem. Each BTCB token is backed 1:1 by actual Bitcoin held in reserve. This enables cross-chain functionality.
Context ∞ BTCB serves as a bridge for Bitcoin liquidity into other blockchain environments, primarily BSC, facilitating participation in various decentralized applications. Its utility is tied to the transparency of its reserves and the security mechanisms ensuring its peg to Bitcoin, which are critical factors for user trust and adoption in the broader DeFi space.

A central white toroidal structure anchors a complex decentralized network. Numerous luminous blue crystalline cubes, representing on-chain data and transaction blocks, cluster around it. Several white spheres, acting as network nodes or validators, are interconnected by thin black lines, signifying cryptographic links and transaction pathways. This abstract visualization emphasizes the intricate interoperability and distributed nature inherent in a robust blockchain ecosystem, illustrating how diverse components contribute to data integrity and consensus mechanisms.

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BounceBit Raises $6m for BTC Restaking Infrastructure Launching Shared Security Clients

The launch of BTC restaking infrastructure unlocks Bitcoin's passive capital, strategically positioning it as a foundational asset for decentralized security.