<p>tBTC is an Ethereum (ERC-20) token that is backed 1:1 by bitcoin, and the first application built on the Keep Network. What sets tBTC apart from other BTC-backed Ethereum tokens (like wBTC) is that it is trustless and non-custodial. When tBTC is minted in exchange for BTC, there is no need for a centralized trusted custodian of the BTC. Instead, the private keys of the BTC are stored in encrypted off-chain containers of the Keep Network. Although tBTC is “pegged” to BTC, keep in mind that Kraken’s tBTC markets are open, allowing tBTC value to diverge from BTC value.   </p><p>Historical events:  tBTC was upgraded from V1 to V2. More info: <a target="_blank" rel="noopener noreferrer nofollow" href="https://blog.threshold.network/an-updated-timeline-for-the-launch-of-tbtc-v2/">https://blog.threshold.network/an-updated-timeline-for-the-launch-of-tbtc-v2/</a> </p>

tBTC

tBTC is an ERC20 token backed 1:1 with Bitcoin

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