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
Last modified 1yr ago