Polkabtc UI
interBTC App - Mint 1:1 backed BTC on Polkadot and Kusama
Overview
PolkaBTC is an innovative solution that bridges the Polkadot ecosystem with Bitcoin, allowing users to experience the benefits of both worlds seamlessly. With PolkaBTC, users can create a fungible token that represents Bitcoin, fully backed 1:1 by actual Bitcoin. This connection facilitates an open system where anyone can become an intermediary, democratizing access to cross-chain transactions and opening new avenues for users to engage with cryptocurrency.
Beyond its robust functionality, PolkaBTC's architecture is built on a collection of open-source Substrate modules in Rust, ensuring a secure and scalable solution. You can leverage the flexibility of the platform while benefiting from the reliability offered by a collateralized third party for Bitcoin redemption. The user interface is designed for simplicity, making it easier for both developers and newcomers to interact with the platform.
Features
- 1:1 Bitcoin Backing: Each PolkaBTC token is fully backed by a real Bitcoin, ensuring security and reliability for users.
- Open System: Unlike other bridge solutions, PolkaBTC allows anyone to become an intermediary by depositing collateral, fostering a truly inclusive environment.
- Open-Source Architecture: Built using Rust and Substrate modules, PolkaBTC supports a transparent and modifiable codebase that developers can utilize and contribute to.
- User-Friendly Interface: The UI is designed to simplify interactions, allowing users to issue requests and manage their tokens with ease.
- Vaults and Relayers: The system incorporates collateralized vaults and staked-relayer clients for automatic submission of block headers, enhancing efficiency in transactions.
- Real-Time Price Oracle: Integrated data sources like CoinGecko provide updated exchange rates, facilitating seamless conversions between BTC and PolkaBTC.
- Flexible Deployment Options: Users have the ability to run the platform on a local instance with Docker, providing a convenient way to start development or testing environments.
- Comprehensive Documentation: Detailed guides for set up and usage help users navigate the process of getting started with the PolkaBTC system effectively.
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