{"id":137681,"date":"2024-09-22T15:00:05","date_gmt":"2024-09-22T12:00:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137681"},"modified":"2024-09-22T01:51:48","modified_gmt":"2024-09-21T22:51:48","slug":"coinbase-plans-cbbtc-launch-on-solanas-blockchain","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/coinbase-plans-cbbtc-launch-on-solanas-blockchain\/","title":{"rendered":"Coinbase Plans cbBTC Launch on Solana’s Blockchain"},"content":{"rendered":"
While cbBTC was recently introduced on Base and Ethereum<\/a><\/strong>, specific details on its rollout for Solana<\/a> <\/strong>remain undisclosed.<\/p>\n The cbBTC token is a wrapped Bitcoin option, designed to give users a way to provide liquidity in DeFi protocols or use it as collateral for other assets. The move comes after a competitor token, WBTC, changed ownership. Currently, cbBTC holds a market cap of around $137 million.<\/p>\n Ahmed also highlighted Jump Crypto\u2019s efforts with the Firedancer validator client, calling it a key example of how institutions can enhance blockchain diversification. This client aims to improve Solana\u2019s network efficiency alongside the Agave validator.<\/p>\n