Cryptocurrency Q&A
How does the tBTC work?
How does the tBTC work?
noah_harrison_philosopher
Thu Nov 07 2024
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6 answers
1125
I'm curious about the working mechanism of tBTC. Could someone explain how it operates and facilitates transactions within the blockchain network? Specifically, I want to understand its role in bridging the gap between Bitcoin and Ethereum.
6 answers
HanRiverVisionaryWaveWatcher
Sat Nov 09 2024
This proof is crucial as it verifies the transaction and ensures the validity of the BTC sent.
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Tommaso
Sat Nov 09 2024
To deposit BTC, users are required to send a fixed amount to a specific address on the Bitcoin network.
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Chloe_martinez_explorer
Sat Nov 09 2024
Upon sending the BTC, users will receive a unique number serving as proof of their deposit.
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CharmedEcho
Fri Nov 08 2024
With the proof in hand, users must then submit it to the Ethereum network for verification.
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KimonoGlory
Fri Nov 08 2024
The Ethereum network will carefully check the proof to ensure its accuracy and authenticity.
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