{"id":172072,"date":"2024-09-23T17:55:47","date_gmt":"2024-09-23T17:55:47","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172072"},"modified":"2024-09-23T17:55:52","modified_gmt":"2024-09-23T17:55:52","slug":"21-co-teams-up-with-chainlink-to-strengthen-wrapped-bitcoin-transparency-on-solana-and-ethereum","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/21-co-teams-up-with-chainlink-to-strengthen-wrapped-bitcoin-transparency-on-solana-and-ethereum\/","title":{"rendered":"21.co Teams Up with Chainlink to Strengthen Wrapped Bitcoin Transparency on Solana and Ethereum"},"content":{"rendered":"
TL;DR<\/p>\n
21.co<\/strong> is working hard to improve the transparency of its Wrapped Bitcoin<\/strong>, known as 21BTC<\/strong>, by integrating Chainlink<\/a> Proof of Reserve technology<\/strong> on the Solana and Ethereum mainnets.<\/p>\n This integration<\/strong> <\/a>will enable real-time verification of the Bitcoin reserves backing 21BTC<\/strong>, ensuring a secure and reliable minting process. With this measure, the company aims to offer users greater peace of mind regarding the solidity of their digital assets.<\/p>\n .@21co__<\/a> has integrated Chainlink Proof of Reserve (PoR) on @ethereum<\/a> & @solana<\/a> to enhance reserves transparency for 21BTC, its wrapped Bitcoin.<\/p>\n How PoR provides the Ethereum & Solana ecosystems with assurances that 21BTC is fully backed 1:1 by BTC\ud83d\udc47https:\/\/t.co\/kUqFTlofcJ<\/a> pic.twitter.com\/SD6UdG4ABV<\/a><\/p>\n — Chainlink (@chainlink) September 23, 2024<\/a><\/p><\/blockquote>\n\n