Tezos Releases 'tzBTC 2.0' With Enhanced BTC Peg and User Experience

IconCryptoNewsTerminal Staff27 May, 2024

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Tezos Releases 'tzBTC 2.0' With Enhanced BTC Peg and User Experience

Tezos (XTZ) has announced the launch of 'tzBTC 2.0', an improved version of its previous BTC-pegged token on Tezos. This new iteration addresses shortcomings of the previous model, introducing free minting and burning capabilities. tzBTC 2.0 aims to provide a more seamless and cost-effective way for users to bridge between Bitcoin and Tezos. With its enhanced features, Tezos hopes to further expand the utility of its blockchain for both DeFi and Web3 applications.