SOLV has made a partnership with ChainLink to provide real-time checking to Solvbtc through SOLVBTC-BTC Secure Success Security Secure. This system combines traditional exchange rate accounts with proof of reserves in actual time, creating a comprehensive rate of recovery on the chain that provides transparency and safety for users. Integration benefit from the decentralized Oracle network in Chainlink to constantly verify the basic Bitcoin guarantee and coincides with SOLVBTC.
The main problem that this solution addresses is the trust and transparency gap with which many Bitcoin -backed symbols and bitcoin products wrapped. Previous incidents in the coded currency area showed that some projects supported by bitcoin reserves were either not exist or completely fraudulent. By applying to the actual time to prove the infrastructure of Chainlink, Solvbtc users can independently verify that their distinctive symbols are fully supported by the actual bitcoin holdings at any specific moment.
This technological progress is an important step forward in creating bitcoin derivatives more worthy of confidence and review. Not only protects the verification system users from possible fraud, but also provides institutional investors the transparency and security assertions they need. With the continued growth of the Bitcoin -backed products market, this type of verified guarantee can become the industrial standard, which may increase confidence in bitcoin products wrapped and similar derivatives through the ecosystem of the broader cryptocurrency.
This article is for media purposes only and does not constitute financial advice. Please do your research before making any investment decisions.
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Editor -in -chief / metal batch Dean is the encryption lover and is based in Amsterdam, where he follows every development and runs in the world of cryptocurrencies and Web3.
