Name: Kintsugi
SKU: KINT
Price: 0.879788599704 USD

Kintsugi is Interlay’s canary network, an experiment with real economic value deployed on Kusama. Kintsugi and Interlay share the same code base - with the difference that Kintsugi focuses strictly on innovation and will always be ahead in terms of features. Interlay is a decentralized network dedicated to connecting crypto-currencies like Bitcoin with DeFi platforms like Polkadot and Ethereum. The Interlay network is hosted as a Polkadot parachain and will be connected to Cosmos, Ethereum, and other major DeFi networks.Kintsugi’s kBTC brings radically open Bitcoin to Kusama to kickstart liquidity for parachains like Karura, Shiden, and Moonriver. kBTC is a 1:1 Bitcoin-backed asset on Kusama, maintained by a decentralized network of collateralized Vaults. Users must only ever trust that Bitcoin and the DeFi platform they use are secure. Vaults are the heart of the interBTC and Kintsugi bridge. They are responsible for maintaining the physical 1:1 peg between BTC and interBTC. Vaults receive BTC for safekeeping from users and ensure BTC remains locked while interBTC exists.Kintsugi is ruled by its community from day one - via KINT, Kintsugi’s governance token.

Kintsugi

Kintsugi is Interlay’s canary network, an experiment with real economic value deployed on Kusama

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The post Crypto Weekly Report: In-Depth Market Analysis, Blockchain, DeFi, NFT and More appeared first on Coinpedia Fintech News
Welcome to Web3, Blockchain & Crypto Weekly Magazine, your go-to source for the latest developments in blockchain, cryptocurrency, and the evolving Web3 landscape. Each week, we give you a comprehensive overview of breaking news, insightful analyses, and in-depth coverage of key industry trends. In this fast-paced, highly competitive digital era, staying informed is paramount. Our …

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