A new tokenized version of Bitcoin, tBTC, launched on the Solana blockchain.

Threshold Network, backed by Threshold DAO, created tBTC to fast transactions & reduce costs.

Tokenized Bitcoin (tBTC) supply is  $29 million compared  with $4.2 billion of Wrapped Bitcoin (wBTC).

tBTC works as a receipt that allows traders to prove how many Bitcoins they have.

The wallet of tBTC is controlled by a series of validators, whereas wBTC is controlled by a single custodian.

Traders can claim the original Bitcoin after 51 of 100 validators sign off.

tBTC will allow traders on different blockchains to leverage Bitcoin.

But, Will tBTC be able to solve wBTC drawbacks? Comments now.