sBTC (SBTC)
Details about sBTC cryptocurrency
€16,149,023 ( -0.77748%)
€62,254
263
263
30.393
Unknown
https://www.synthetix.io
@synthetix_io
77949x
€4516570000
sBTC price charts
SBTC exchanges
sBTC, the crypto
sBTC (SBTC) is a synthetic asset representing Bitcoin (BTC) on the Ethereum blockchain. It creates a bridge between the two different blockchains, allowing users to gain exposure to Bitcoin without leaving the Ethereum ecosystem.
The point
The main point of sBTC (SBTC) is to provide an alternative to Bitcoin on the Ethereum blockchain. By creating a synthetic asset, users can trade and transact Bitcoin without the high fees and slow transaction times associated with the Bitcoin network. This also allows users to take advantage of the benefits offered by decentralized finance (DeFi) applications on the Ethereum network.
The problem
sBTC (SBTC) tries to solve the problem of bridging two separate blockchains – Bitcoin and Ethereum. By creating a synthetic asset representing Bitcoin on the Ethereum blockchain, it allows users to trade and transact Bitcoin without leaving the Ethereum ecosystem. This not only provides convenience, but also avoids the high fees and slow transaction times often associated with the Bitcoin network.
Compare SBTC and BTC performance
Timeframe | SBTC | BTC |
---|---|---|
1h change | 0 % | -0.383226 % |
24h change | -6.79 % | -7.02798 % |
7 day change | -12.33 % | -11.8459 % |
14 day change | -5.7 % | -5.41692 % |
30 day change | 20.03 % | 20.8166 % |
200 day change | 132.77 % | 141.747 % |
Year change | 130.42 % | 129.162 % |