Following the successful launch of pBTC on the Ethereum network, today we are releasing our interoperability solution for EOS, making it the first Bitcoin to EOS bridge industry-wide.

pBTC is now EOS-compatible, so Bitcoin holders can use their BTC throughout the entire EOS ecosystem, including all DApps.

This unique token is pegged 1:1 with Bitcoin, so users simply mint their own pBTC and can begin using it with EOS DeFi platforms straight away. This “peg-in” system allows you to deposit your BTC for safekeeping, without having to sell or trade your Bitcoin. You can then “peg-out” or redeem your BTC any time you like, withdrawing the originally deposited amount.

The launch of pBTC on EOS was covered by Cointelegraph. Our founder Thomas was quoted as saying, pTokens interoperability “is vital for the movement, as liquidity is the catalyst which will help DeFi reach its true potential.”

Read about the pBTC on EOS launch in Cointelegraph.

How this changes the game

EOS is a leading blockchain network with its native cryptocurrency in the top ten by market cap. The development team behind EOS has promised to completely remove transaction fees and achieve scalability that can handle millions of transactions per second!

This focus on scalability has helped EOS weather the industry’s recent market downturns. The blockchain is “not as sensitive to a rise in simultaneous transactions due to its architectural specifics”. Its current design can handle a bandwidth capacity of 250 transactions per second, which can “potentially be scaled to 4,000”.

EOS has a fast-growing DeFi ecosystem and is on course to achieve their goal of hosting commercial-scale DApps.