The bridged token allows users to use a Bitcoin equivalent on various Cosmos apps.
An upgrade that brings #Bitcoin ($BTC) into the Cosmosecosystem has been completed, according to various announcements on Oct. 31.
Cosmos announced in a tweet that its Inter-Blockchain Communication Protocol (IBC) can now transfer nBTC — a token that represents 1:1 ownership of Bitcoin. Cosmos said that another group, Nomic, made this possible as it completed its interchain upgrade.
Cosmos added that Nomic’s non-custodial Bitcoin bridge is now “fully functioning,” furthering its reach throughout the blockchain industry via IBC.