Will tBTC rebirth DeFi on Solana? 

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.

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

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

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

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

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tBTC will allow traders on different blockchains to leverage Bitcoin.

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

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