pTokens BTC (pBTC) Coin Complete Detailed Review About pTokens BTC

What Is pTokens BTC (pBTC) ?

pTokens BTC (pBTC) Decentralized Finance (DeFi), also known as Open Finance, represents a broad category of financial applications being developed on open, decentralized networks. The objective is to build a multi-faceted financial system, native to cryptocurrencies, that recreates and improves upon the legacy financial system. Being decentralized, DeFi solutions primarily need access to liquidity. In the cryptocurrency space, that liquidity is typically spread thinly across multiple blockchain networks that cannot interoperate

pTokens BTC (pBTC) Point Table

Who Are The Founder Of pTokens BTC (pBTC)?

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pBTC Price Live Data

The live pTokens BTC price today is $8,252.05 USD with a 24-hour trading volume of $547.86 USD. We update our pBTC to USD price in real-time. pTokens BTC is down 0.97% in the last 24 hours. The current CoinMarketCap ranking is #6254, with a live market cap of not available. The circulating supply is not available and a max. supply of 21,000,000 PBTC coins. pTokens BTC is a 1:1 pegged Bitcoin representation on Ethereum, Arbitrum, Algorand, Binance Smart Chain, Gnosis (former known as xDai), EOS, Telos, while more will be added.

Provable pTokens

Provable pTokens identify a token that is provable, portable and pegged. A Provable pToken is a token pegged one-to-one to a non-native cryptocurrency, whose issue and redeem is handled by the pTokens technology. For example, a pToken on Ethereum is an Ethereum ERC-20 token pegged one-to-one to a non-Ethereum based cryptocurrency. For demonstration purposes in this paper, the host blockchain used will be Ethereum and the non-Ethereum cryptocurrency used will be EOS. The resulting pToken is called pEOS-on-ETH, which for simplicity will be referred to as pEOS when the Host blockchain results obvious.

Remote Attestation

Remote-attestation is a method by which a device authenticates its hardware and software configuration to a remote host. The goal of remote-attestation is to enable an external party to achieve trust in the integrity of the platform running on the device. Remote-attestation is often implemented by having the device produce a signed document that attests to the state of the system. The signing is typically performed over a hash digest of the source-code to be attested. The signature is made by a special attesting key that is embedded in the device during its manufacture and over which key the third-party application running on the platform has no control.

Blockchain Oracle Architecture

Due to the inherent determinism required by blockchains, it is impossible for them to interface with external datasources. To allow such interfacing, a blockchain-oracle is required to access the eternal datasource, package it into a format recognized by the blockchain, and bake that data onto the chain in the form of a transaction thus making the external data deterministic.

A blockchain

oracle for performing the above has serviced the Ethereum network since 2015 in the form of Oraclize LTD, now Provable Things LTD. Since 2015, Provable Things née Oraclize has expanded their service to include data-fetching from myriad datasources, to implement oracles for blockchains other than Ethereum, as well as to cryptographically harden and decentralize their data-fetching processes through the use of various TEE

Why ?

Secure

The pNetwork is secured by Multi Party Computations and Trusted Computing, a combination which makes attacks both expensive and impractical.

Scalable

The pNetwork is designed to handle as many bridges as deemed necessary so that any useful connection across blockchains can come to life.

Transparent

Anyone can become a pNetwork validator and see exactly how collateral is managed and transactions are processed.

Faq Of pTokens