WBTC: A Community Effort to Bring Bitcoin to Ethereum
At Kyber, we have been facilitating seamless exchange and liquidity flows between all parts of the decentralized ecosystem. End users can buy/sell tokens instantly on KyberSwap and many of the popular wallets and websites, while developers can integrate with Kyber for a wide variety of payment and financial use cases.
Given how broadly we are working on facilitating liquidity across the decentralized ecosystem, one of the major gaps that we are constantly facing with regards to decentralized liquidity today is the fact that tokens outside of Ethereum have not been accessible for usage in decentralized exchanges and applications, with the most prominent example being Bitcoin.
As such, we have invested significant effort and research into cross-chain approaches. For instance, PeaceRelay, which we proposed last year, was the first implementation to migrate liquidity between Ethereum Classic onto Ethereum and vice versa by employing a two-...
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Kyber Network - Medium
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