| General information | |
|---|---|
| Global rank: | 3473 |
| Name: |
Baby Bitcoin |
| Symbol: | BBTC |
| Current coin price (TJS): | 0.008 TJS |
| Last hour: | arrow_downward-0.040 % |
| Last 24 hours: | arrow_downward-3.54 % |
| Last 7 days: | -9.14 %trending_down |
| Capitalisation (TJS): | 0.000000 TJS |
| Volume 24h (TJS): | 1 438 191.47 TJS |
| Available supply: | 0.000000 BBTC |
| Total coin supply: | -1 BBTC |
| Start date: | 2020-10-23 |
Baby Bitcoin/Tajikistani Somoni (BBTC/TJS) price chart
Baby Bitcoin/Tajikistani Somoni (BBTC/TJS) capitalisation and volume charts
Binance Wrapped BTC (BBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum network. It is issued through Binance's Token Canal program, which locks BTC on Binance's native chain and mints an equivalent amount of BBTC on Ethereum. This process ensures that each BBTC token is backed 1:1 by Bitcoin, allowing users to utilise their Bitcoin holdings on the Ethereum blockchain.
Binance Wrapped BTC (BBTC) is used to enable Bitcoin holders to participate in the Ethereum ecosystem. By converting BTC to BBTC, users can engage in decentralised finance (DeFi) applications, such as lending, borrowing, and trading on decentralised exchanges (DEXs). This facilitates the use of Bitcoin in a wider array of financial activities, leveraging Ethereum's smart contract capabilities while maintaining the value of the original Bitcoin.