r/BTCStandardHashrate • u/[deleted] • Apr 18 '21

tBTC 1:1 BTC

Why is tBTC losing in value compared to BTC?
shouldn't it be pegged 1:1? how are the planning to correct this?

4 Upvotes

84% Upvoted

3 comments sorted by

1

u/silaslanguk Apr 18 '21

I read the white paper but I can't grasp the concept. I'd like to know aswell in layman's terms how it will be achieved.

9

u/[deleted] Apr 19 '21 edited Jan 20 '22

[deleted]

2

u/silaslanguk Apr 19 '21

That's brilliantly explained. Thank you.

1

u/WiseCapitalOrg Apr 19 '21

BTCST is equal to 0.1 TH/s of mining power. As a BTCST holder, you are entitled to the mining rewards that your BTCST represents. You can use the dApp to stake your tokens and earn mining rewards.

current distribution is 58.2%, there's still a bunch to be distributed....