BitGo Successfully Deploys WBTC on Avalanche and BNB Chain
Publication Time:2024-09-11 06:41:07
The cryptocurrency custodian platform BitGo announced that it has adopted the OFT standard from LayerZero to deploy its Wrapped Bitcoin (WBTC) on Avalanche and BNB Chain. This move enables WBTC to operate on more blockchain networks, further enhancing its flexibility and practicality as a cross-chain solution. Prior to this deployment, WBTC had been operating stably on networks such as Ethereum, Base, Tron, and Polygon. Through this deployment, BitGo also emphasized an increase in transaction security, ensuring secure validation through a decentralized validator network (DVN), providing users with safer and more reliable cryptocurrency custody services.
WBTC
Avalanche
LayerZero
Cryptocurrency
BNB Chain
BitGo
OFT standard