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Author: Admin | 2025-04-28
Bitcoin blocks are final after X confirmations. The bridge will recommend a minimum of 6 confirmations, though users and apps are encouraged to set higher thresholds.Trust that Polkadot is secure. This assumption is made by all applications running on top of Polkadot.Read on to get a better understanding of the BTC-Parachain design and security guarantees.RoadmapThe Interlay team is building a customized Substrate environment for PolkaBTC, optimized to verify Bitcoin payments. The BTC Parachain includes a Bitcoin cross-chain SPV client (BTC-Relay), integrations with secure price oracles and XCMP, as well as support for hardware wallets. In addition, Interlay is also building client software for Vaults, Staked Relayers (who make sure BTC-Relay is up to date), as well as an easy-to-use web interface.A first Alpha testnet is scheduled for November 2020 and a feature-ready Beta testnet will be launched in January 2021 . Once the audit of the code base is completed in February 2021 and parachains are enabled on Polkadot and Kusama, the BTC Parachain will go live: first on Kusama, then on Polkadot mainnet.Sign up to get early access to PolkaBTC and be the first to test the first truly decentralized cross-chain bridge: https://forms.gle/JrNBD6Pe1F5QAg4z8Planned IntegrationsThe Interlay team has started working with teams building on Polkadot to enable early access to PolkaBTC:Acala and Interlay are exploring different collateral use cases between Acala’s aUSD stablecoin and PolkaBTC,Laminar Laminar is exploring collaboration with Interlay to provide cross-chain liquidity to Polkadot ecosystem,Plasm Network is looking to offer PolkBTC to its highly scalable DApps,Equilibrium is planning to offer PolkaBTC on cross-chain DeFi money markets,Edgeware is looking to offer support for PolkaBTC in its WASM smart contracts,Moonbeam (developed by PureStake) is planning to use PolkaBTC with its Ethereum compatible smart contract platform,Polkaswap is to support trading PolkaBTC on an AMM-powered decentralized exchange,Chorus One will explore how to make PolkaBTC available to the Cosmos SDK ecosystem via a Cosmos-Substrate IBC bridge.If you’re building a project on top of Polkadot and want to integrate with PolkaBTC, visit interlay.io or reach out via polkabtc@interlay.io.DesignPolkaBTC makes use of so-called cryptocurrency-backed assets: BTC is locked on Bitcoin and unlocked on Polkadot
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