Avalanche BTC.b
Overview
Status
Mainnet
Type
Reserve
BTC Supply
₿0
Avalanche BTCb is a BTC-backed reserve asset that primarily supports the Avalanche ecosystem.
Assessment
Asset Custody
Users trust a network of 8 entities to secure the funds backing BTCb
Ava Labs has disclosed that users trust a network of entities who participate in securing the BTC that backs BTCb. These eight entities are also reported to run special HSM hardware.
The eight entities securing the bridge are: Halborn, Avascan, Bware Labs, Ankr, Chainstack, Protofire, Blockdaemon, and Ava Labs.
Users trust that Ava Labs's claims in their documentation are being executed in practice.
Source
The eight entities securing the bridge are: Halborn, Avascan, Bware Labs, Ankr, Chainstack, Protofire, Blockdaemon, and Ava Labs.
Users trust that Ava Labs's claims in their documentation are being executed in practice.
Source
Further sections to be reviewed
Aspects related to minting & burning, key management, transaction signing, and proof-of-reserves have not been reviewed. We are currently reviewing these sections.