cbBTC is onchain.

cbBTC is an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase.

This means millions of BTC holders can now securely access DeFi apps on Base and Ethereum ecosystems—with more chains coming soon.

Before BTC becomes money in nation states, it needs to become money in network states. This is a good step, but what we really need is Bitcoin to evolve into supporting ZKPs so that we can have trustless, decentralised native bridging, which would also generate fees on the Bitcoin network, helping its long-term safety

Exciting to see Bitcoin's evolution towards supporting ZKPs for trustless, decentralized native bridging. This advancement could not only boost network security but also pave the way for broader adoption. Looking forward to the future of BTC!

Co-Founder & CEO at @maxapy, @unlockdfinance & @turingcapital | Founded MAD Lions KOI, as well as source{d} & Tyba | /crypto since 2012 | ✝️