Core Features
sBTC offers several core features that make it a powerful trust-minimized Bitcoin bridge between Stacks and Bitcoin:
1:1 Bitcoin Backing
Each sBTC token is backed by an equivalent amount of Bitcoin in the peg wallet. This ensures that sBTC maintains a stable value relative to BTC.
Decentralized Management
The sBTC peg wallet is maintained and managed by a set of sBTC signers. This decentralized approach enhances security and reduces single points of failure.
Quick Conversions
sBTC facilitates rapid movement between BTC and sBTC:
BTC to sBTC conversion can be completed within 3 Bitcoin blocks
sBTC to BTC conversion can be completed within 6 Bitcoin blocks
SIP-010 Compatibility
sBTC adheres to the SIP-010 fungible token standard on the Stacks blockchain. This ensures wide compatibility with Stacks wallets and applications.
Community Governance
The initial sBTC signing set is determined by a community vote, weighted by STX holdings. This approach ensures that the community has a say in the management of the sBTC system.
Signer Key Rotation
sBTC signers have the ability to rotate their private keys, enhancing long-term security of the system.
Transaction Fee Sponsorship
sBTC transactions on Stacks can be sponsored, allowing users to pay transaction fees in sBTC instead of STX.
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