pTokens BTC

pTokens BTC is a 1:1 pegged Bitcoin representation on Ethereum, Arbitrum, Algorand, Binance Smart Chain, Gnosis (former known as xDai), EOS, Telos, while more will be added.

pBTC is a tokenized cryptoasset in the pNetwork ecosystem, an open-source multi-chain routing protocol for providing interoperability across a variety of independent blockchains. These cross-blockchain functionalities enable the release of "wrapped" tokens called pTokens that rely on maintaining a 1-to-1 peg in-between the native blockchain and the host blockchain (e.g. Bitcoins wrapped to operate on the Ethereum blockchain).

With the release of the pNetwork V2, pTokens like pBTC become fungible across chains, meaning users will be able to move their pBTC directly across any of the supported chains without the need to go back to the native Bitcoin blockchain.