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Convert BTC into sBTC
Learn more about sBTC
Enter into the world of sBTC with these resources
FAQ 1
sBTC is a non-custodial 1:1 Bitcoin-backed asset on the Stacks Bitcoin Layer.
FAQ 2
- sBTC is a SIP-010 token on the Stacks blockchain that represents Bitcoin (BTC) in a 1:1 ratio. sBTC is always backed 1:1 against BTC.
- The sBTC peg wallet is maintained and managed by a set of sBTC signers. This decentralized approach enhances security and reduces single points of failure.
FAQ 3
sBTC is always backed 1:1 against BTC, and it’s verifiably secure through threshold cryptography. sBTC removes the need for 3rd party custodian or trusted setup. Instead, BTC is secured by a decentralized signer set.
Partnerships with top-tier security experts have been established to ensure the protocol is fortified at every level:
- Asymmetric Research: Known for their rigorous research and protocol audits, Asymmetric brings security expertise to sBTC to identify and mitigate potential vulnerabilities.
- ImmuneFi: A robust bug bounty program incentivizes ethical hackers to uncover and address potential issues, adding an additional layer of defense.
- 3rd Party Audits: Independent audit reports will be completed for additional security reviews, ensuring the protocol is thoroughly vetted by external experts.
FAQ 4
sBTC facilitates rapid movement between BTC and sBTC.
- BTC to sBTC conversion can be completed within 3 Bitcoin blocks (under an hour).
- sBTC to BTC conversion can be completed within 6 Bitcoin blocks (Approximately two hours)