Chain-key bitcoin (ckBTC) is soon bridging to the Cosmos ecosystem via decentralized exchange Osmosis, marking a significant milestone in making non-custodial Bitcoin accessible to various blockchain platforms.
As DeFi developers seek to leverage Bitcoin’s market dominance, the introduction of ckBTC represents the first reliable non-custodial Bitcoin alternative in the Cosmos ecosystem, offering new opportunities for growth and innovation.
Concerns about Justin Sun's potential influence in the Wrapped Bitcoin (WBTC) ecosystem have led competitors to respond by developing alternative solutions that prioritize decentralization and user confidence.
The partnership between Osmosis and the Omnity Network aims to enhance the transfer of non-custodial Bitcoin to the Cosmos environment, showcasing a collaborative effort in advancing decentralized finance.
[
Collection
]
[
|
...
]