Review on pTokens BTC by Digital Convict
Interoperability is a key
The first thing to say about pBTC is that it is developed to overcome the limitations that exist between the native tokens of the Ethereum blockchain, EOS and the BTC ecosystem. This characteristic already makes it a scalable, practical and very useful project.
The second is that this ERC-20 token is part of the pTokens Ecosystem, what makes it a promising project.
The third thing is that there are only 173 pBTC tokens circulating on Ethereum, 132 circulating on EOS and 1.35 circulating on Telos. Which makes it a very exclusive project.
If you're wondering where the letter "p" comes from or what it means; It comes from "Provable, portable, and pegged solution for the DeFi ecosystem".
It is developed to be a financial instrument that facilitates the exchange of different assets in the DEX.
It is used to interact with assets that are outside the ETH blockchain.
It has been on the market since March 11, 2020, but it was from September that it began to have greater acceptance and commercialization. It is one of the star tokens in Newdex, although you can also find it in Bancor and Uniswap.
You can find its dapp on the official web 3 site developed, so the only thing you will have to do is connect your wallet, there you can exchange your BTC for pBTC or vice versa.
Pros
- On pTokens
- Useful
Cons
- None, it is a well thought out project.
