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What is ckBTC?
ckBTC (also known as Confidential Bitcoin) is a privacy-focused cryptocurrency based on the original Bitcoin protocol. It uses an innovative technology called Confidential Transactions to ensure that all transactions remain private, thus protecting users’ financial information from being exposed to the public. ckBTC offers users complete control over their funds and provides them with enhanced anonymity compared to other cryptocurrencies. Additionally, it has built-in features such as SegWit (Segregated Witness), Lightning Network compatibility, atomic swaps capability and Schnorr signatures for improved network scalability. All these features make it one of the most advanced digital assets available in today’s market.
