Minting Sequence

Explains the sequence of steps in Minting

The minting sequence in BTC Proxy is given below:

Minting Sequnce

  1. The user connects the ETH wallet to the web3.js interface at btcpx.io

  2. The user confirms the amount of BTC to deposit and is displayed the Fees

  3. The user is displayed the wallet address of the Custodian they are to send BTC to

  4. The user initiates the transfer of BTC to the custodian from their own wallet

  5. The Proxy Relay validates the deposit of Bitcoin to the smart contract

  6. BTCpx is minted

  7. BTCpx is sent to their ETH wallet

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