BitBTC can be exchanged only if the corresponding proportion of BTC on the Ethereum network is deposited in the smart contract, because the exchange rate of BTC and BitBTC is fixed. Therefore, if there are more BitBTC in the market, then there must be proportionally less BTC. In the long term, the direct exchange between BTC on Bitcoin’s network and BitBTC will use a cross-chain aggregation flash exchange mechanism to solve this problem.
This news is republished from another source. You can check the original article here
Be the first to comment