Ecosystem developers bring Bitcoin to Cosmos network
nBTC will be usable across more than 50 app-chains connected to Cosmos IBC. Osmosis, the largest decentralized exchange (DEX) on Cosmos, will be bringing Bitcoin (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. Native Bitcoin is coming to Osmosis. Get ready for nBTC from @nomicbtc. Here's everything you need to know. pic.twitter.com/YuYX9jQamV — Osmosis ️ (@osmosiszone) October 3, 2023 The nBTC Interchain Upgrade will be released on October 27 and is expected to activate on October 30. Thro...