Global  

Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked

WorldNews Tuesday, 26 May 2020
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value LockedAdvertisment The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just recently a number of people on Twitter congratulated the Ethereum network for becoming Bitcoin’s (BTC) largest second layer or unofficial side-chain. This is because the Total Value Locked (TVL) for BTC-pegged ETH tokens has surpassed both Lightning Network and Blockstream’s Liquid platform combined. According to...
0
shares
ShareTweetSavePostSend
 

You Might Like


💡 One News Page Knowledge: Other News Mentions

Bitcoin Bitcoin Decentralized cryptocurrency

Bitcoin’s mass adoption is still a dream, reveals data

The mass adoption of bitcoin or cryptocurrencies is yet to be achieved, according to several metrics tracked by The Block Research. Google searches for..
WorldNews

Peter Schiff Expects Bitcoin’s Pivotal $9,000 Support to “Give Way”

Bitcoin is once again flirting with the ever-important support level of $9,000. Earlier on Sunday, the cryptocurrency briefly fell under $9,000 in a $100 move..
WorldNews

The Crypto Daily – Movers and Shakers – July 4th, 2020

Bitcoin fell by 0.30% on Friday. Following on from a 1.51% slide from Thursday, Bitcoin ended the day at $9,073.2. It was a relatively range-bound day for..
WorldNews

This New Economic Narrative Could Shift the Tides Into Bitcoin’s Favor

Bitcoin has been closely tracking the traditional markets in recent months, which is part of the reason why it has been caught within such a persistent trading..
WorldNews

Bitcoin price travels to $9280, what’s next?

Bitcoin price observed a bounce towards the $9280 mark on the 1st of July. Analysts believe that the cryptocurrency will soon move across the $9350 mark. 1-Day..
WorldNews

3M 3M American multinational corporation

UK extends immigration rights for 3M eligible Hong Kongers

LONDON (AP) — Britain announced Wednesday that it was extending residency rights to up to 3 million Hong Kongers eligible for the British National Overseas..
WorldNews

Ethereum Ethereum Open source blockchain computing platform

No, I’m Not Building Anything on Ethereum: Elon Musk Denies Rumors

A year after the famous Hollywood actor William Shatner tweeted that Elon Musk and Vitalik Buterin were deciding what to build on Ethereum, the Tesla CEO refuted..
WorldNews

Related videos from verified sources

In Pandemic, Ad Buyers Seek Programmatic Transparency: Amino’s Luttrell [Video]

In Pandemic, Ad Buyers Seek Programmatic Transparency: Amino’s Luttrell

The COVID-19 pandemic has forced many advertisers to re-think their spending. But a shocking new report published during the pandemic has given them even more reason to scrutinize programmatic..

Credit: BeetTV - Affiliate     Duration: 04:29Published

Related news from verified sources

Bitcoin Token (BTCT): A Community-Run, Decentralized & Open-Source Cryptocurrency With Ultra-Fast Transaction Times

A number of decentralized open-source cryptocurrencies have come in the market over the last few years. However, what differentiates one cryptocurrency from...
WorldNews

Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher

Ethereum Just Breached a Crucial Level, and That Means Bitcoin May Rip Higher
Advertisment After days of stagnating, both Bitcoin and Ethereum have registered strong gains over the past 48 hours. While it is normally BTC leading the pack,...
WorldNews Also reported by •The Cointelegraph

Ethereum Price Analysis for May, 19th – ETH Looks Very Promising

Ethereum Price Analysis for May, 19th – ETH Looks Very Promising
By Dmitriy Gurkovskiy, author at RoboForex Blog On Tuesday, May 19th, the ETH rate is correcting slightly after steady growth. The cryptocurrency is generally...
The Merkle


Tweets about this