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.
BitNew Chain (BTN), based on the system of peer-to-peer payments and smart contract, through forging a two-tier decentralized blockchain network with standard physical masternode, resource segregation, decentralized computing subsystem BTN-DC, and decentralized storage subsystem BTN-FS etc., aims to extend blockchain applications to the field of hardware.