Bitcoin soon in the Blockchain of Tezos can be used

A new network wants to increase the Bitcoin efficiency. To this end, a consortium of transferring the currency into the Blockchain of Tezos.

Bitcoin-efficiency to reach a new Level

Around two weeks ago we explained at this point, different reasons for Tezos investments in the period of the world’s rampant Corona pandemic. Much would already discussed how hard the crisis, in addition to the classic financial market and crypto currencies under the spread of the Virus will suffer. At times, there were in fact serious break-ins – not only in Bitcoin. What affects the currency of Tezos, there is an increasing interest constant. Furthermore, it is the Bitcoin that plays around the globe, the main role. The reason for this is, in particular, of course, in the previous history of the market and the market capitalization of the world’s first digital currency. Technically, however, there are some shortcomings that we recognized in Tezos. crypto experts want to fix this problems now. Especially, a higher efficiency one wants to achieve through the Integration of BTC in the System of Tezos.

New Token to bear the name TZBTC

The new merger a number of experienced companies, in the field of the crypto industry and/or the Blockchain extensive experience. The statements of the consortium, the integration of Bitcoin into the Tezos universe should not announce track last target: The competitor Ethereum even more to the fight than Tezos does this up-date already. Parts of the Bitcoin Ecosystem can work through the connection is much more efficient and faster than before, only on the Basis of the Blockchain from Tezos. Thus, two already popular System to come together, which could lead to a great success. Not least because the companies involved. In the project with the abbreviation planned Coin TZBTC is, of course, involved Tezos itself.

Many well-known members in the new network

In addition, it is known, that Bitcoin Suisse, Taurus, Sygnum, and other renowned companies of the Blockchain and crypto world are on Board. These three companies should care about to a large extent, the BTC-Transformation in the new currency, and probably at the same time, ensure that applicable laws and requirements of competent authorities are complied with. Taurus will continue to be Token together with partners Inacta or Swiss Crypto in addition, the responsibility for the area of “Custody” and “Supply Management” on the other side are responsible. Other members of the consortium according to its own statement of welcome. What happens now in the new System? Actually, it is a Re-Tokenization of the market leader in Bitcoin, only on the basis of a different Blockchain, the of Tezos.

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