At the end of last month, the crypto industry quietly completed a technical migration that can only be described as "textbook-level." To use the analogy of the House TV series I've been watching recently, this "migration" could be considered a highly complex "heart transplant." @Lombard_Finance, together with Ava Labs, managed to extract over 3,800 real BTC (BTC.b) from the old architecture and fit them into Lombard's own institutional-grade platform in just 24 hours. But for ordinary users, the name of their tokens remained unchanged, their contracts remained unchanged, and their balances remained unchanged. This is truly amazing. ❓What changes did this massive migration bring? 1️⃣ Robust Underlying Security Logic Previously, people were always wary of cross-chain assets, fearing the theft of private keys through multi-signature. Lombard has implemented a "defense-in-depth" system: 15 independent validator consensus + hardware-level vault + real-time proof of reserves 2️⃣ Completely Say Goodbye to KYC After the migration, minting BTC.b through the Lombard App is now "zero-barrier": no cumbersome KYC, no geographical restrictions (except for those on blacklists). As long as you have native BTC, you can mint it with a few clicks and seamlessly enjoy the rewards. 3️⃣ The "Lego Era" of BTC is Really Coming This migration signifies that Lombard has turned BTC.b into a standardized "Lego brick." Now, Binance, Bybit... These leading wallets have already natively integrated this feature. In the future, users may be able to convert their BTC into BTC.b with a single click in any app, and then automatically earn yields in different pools. I predict that multi-chain expansion will accelerate in the near future. twitter.com/one_snowball/statu...
This article is machine translated
Show original

Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content






