🧡cBTC1 - Bitcoin's Gateway

Introduction to cBTC and Native Bitcoin Money Markets

cBTC1 in the OrdiBank context is a specialized representation of satoshis on the OrdiBank protocol. It serves as a critical bridge between the native Bitcoin Script environment and OrdiBank money market infrastructure. The significance of cBTC1 lies in its role as a wrapped or tokenized version of Bitcoin, allowing it to seamlessly integrate with Ordibank Protocol logic and provide compatibility with the broader DeFi ecosystem. This tokenization of Bitcoin facilitates its usage within the Ordibank platform, enabling users to participate in the money market, utilize it as collateral, and engage in borrowing and lending activities.

For OrdiBank, cBTC1 becomes a key asset because it transforms the traditionally non-turing programmable Bitcoin into a dynamic, programmable, and interoperable asset within the OrdiBank ecosystem. Users can now unlock the liquidity of Bitcoin on the Bitcoin L1 network and actively participate in decentralized finance applications, enhancing the overall utility and accessibility of Bitcoin in the rapidly evolving blockchain landscape.

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