BTC2

From CryptoWiki

Basics

  • BTC2 is like USDT. As USDT is an IOU for USD where Tether holds the actual USD in their bank, Sideshift is the custodian of the on-chain BTC and issues BTC2 tokens in return.
  • in this way people can use BTC with Tx prices of BCH.
  • It should be noted BTC2 is not be confused with the BTC forked project currently listed on CoinMarketCap, Bitcoin 2 (BTC2) popularly thought to be a classic pump and dump.