What is Nomic?

Nomic is a decentralized, non-custodial Bitcoin bridge built on a layer-1 blockchain that allows users to transfer Bitcoin to any IBC-compatible chain. It issues nBTC, a token pegged 1:1 to Bitcoin, enabling users to interact with DeFi protocols within the Cosmos ecosystem. Nomic ensures the security of its bridge using advanced technologies like Taproot and Schnorr signatures. Additionally, Nomic's network is powered by NOM tokens, which can be staked to earn Bitcoin rewards. The platform is designed for high performance and scalability, utilizing the Orga blockchain framework.