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Smartkarma Research: Earn Yield on Bitcoin
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economictimes.indiatimes.comTokenized bitcoin on the Ethereum networkThere is no yield opportunity directly on the Bitcoin network as it is a pure peer-to-peer cash network and there are no smart contracts directly built on top of it.
To earn a yield on BTC, one has to use tokenized BTC on the Ethereum network or on other blockchains that support smart contracts.Tokenized BTC on Ethereum works like this: BTC is converted from its native format to Ethereum’s ERC-20
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