$ 1 Billion in Wrapped Bitcoin Being Audited Using Chainlink’s ‘Proof of Reserve’

The custodian company of Wrapped Bitcoin, BitGo, has adopted Chainlink’s proof-of-reserve mechanism to increase the transparency and auditability of the tokenized asset for DeFi protocols. The functionality, which is currently live on the testnet, allows Ethereum-based dApps to fully automate the loading of the wBTC audit.. This occurs when the amount of Wrapped Bitcoin in … Read more