Ecosystem developers bring Bitcoin to Cosmos network By Cointelegraph
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Osmosis, the largest decentralized exchange (DEX) on Cosmos, will be bringing (BTC) to the namesake inter-blockchain communications (IBC) protocol together with Nomic and Kujira.
According to an October 3 announcement during the Cosmoverse 2023 Conference, users can transfer Bitcoin to the Cosmos network via Osmosis’ Nomic bridge for 1.5% of the transaction value. Users then receive Nomic Bitcoin (nBTC), an IBC-compatible token issued by Nomic Chain, on a one-to-one basis. The nBTC can be bought, sold, and used to provide liquidity on Osmosis. They are also usable across more than 50 Cosmos-linked app chains.
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© Reuters
Osmosis, the largest decentralized exchange (DEX) on Cosmos, will be bringing (BTC) to the namesake inter-blockchain communications (IBC) protocol together with Nomic and Kujira.
According to an October 3 announcement during the Cosmoverse 2023 Conference, users can transfer Bitcoin to the Cosmos network via Osmosis’ Nomic bridge for 1.5% of the transaction value. Users then receive Nomic Bitcoin (nBTC), an IBC-compatible token issued by Nomic Chain, on a one-to-one basis. The nBTC can be bought, sold, and used to provide liquidity on Osmosis. They are also usable across more than 50 Cosmos-linked app chains.
Continue Reading on Coin Telegraph
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