Denis PRO

The Nomic Stakenet is launching, bringing Bitcoin one step closer to the Cosmos.

Nomic Bitcoin Bridge

Nomic’s first product is the Bitcoin Bridge, bringing Bitcoin to Cosmos. The bridge creates a new asset, nBTC, which is IBC-enabled and fully backed by BTC. We have designed a unique, permissionless protocol which allows anyone to easily deposit BTC in exchange for nBTC, or withdraw nBTC in exchange for mainnet BTC.

We’re excited by the potential of the world’s hardest money within Cosmos and Terra. For instance, we expect Osmosis BTC pairs, DAOs and DeFi protocols using BTC as a reserve asset, and an easy on-ramp into the ecosystem because of Bitcoin’s wide availability and liquidity.

To power this vision, we have designed a system that is more secure and permissionless than any other existing Bitcoin sidechain, joining proof-of-work and proof-of-stake to get the best of both worlds. By leveraging both Bitcoin’s hashrate and the Tendermint consensus protocol, the Nomic network is able to provide both high security and instant finality. It also creates a unique opportunity for proof-of-stake validators to earn BTC rewards.