ChainX aims to facilitate asset interoperability with other blockchains It measures users' mining power based on the market value of BTC, DOT, ETH, ERC20, EOS and other assets that are deposited in an inter-chain bridge.
Wrapped Bitcoin Tokens (WBTC) is an ERC20 token fully backed by real BTC. The proof of reserves is on-chain, showing the exact 1:1 ratio between minted WBTC tokens and BTC stored by the custodians. A collaborative effort with a community of partners to bring Bitcoin to the Ethereum network will bring the stability and value of Bitcoin to Ethereum's expansive ecosystem of decentralized applications.