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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