Protocol Information
Chain-key Bitcoin (ckBTC) is a token on the Internet Computer (ICP) that is backed 1:1 by bitcoin (BTC). Conversion and redemption is fully automated via canister smart contracts using threshold cryptography - no trusted intermediaries required.ckBTC transactions have a 1-2 second finality and incur negligible fees, making it a viable option for everyday economic activities such as buying groceries or getting a coffee.
Category:Cross Chain
Audits
Methodology
TVL: We count the ETH and ERC20-Tokens on 0xb25eA1D493B49a1DeD42aC5B1208cC618f9A9B80 as the collateral for ckETH and ck-ERC20 tokens and we count BTC as the collateral for ckBTC