The BTC Bridge allows the creation of collateralized 1:1 Bitcoin-backed tokens in Harmony. These tokens can be transferred and traded within the Harmony ecosystem.
The BTC Bridge connects the Harmony ecosystem with Bitcoin. It allows the creation of ONEBTC, a fungible token that represents Bitcoin in the Harmony ecosystem. ONEBTC is backed by Bitcoin 1:1 and allows redeeming of the equivalent amount of Bitcoins by relying on a collateralized third-party.