pTokens BTC is a 1:1 pegged Bitcoin representation on Ethereum, Arbitrum, Algorand, Binance Smart Chain, Gnosis (formerly known as xDai), EOS, Telos, with more to be added. pBTC is a tokenized cryptoasset in the pNetwork ecosystem, an open-source multi-chain routing protocol that provides interoperability across various independent blockchains. These cross-blockchain functionalities enable the release of 'wrapped' tokens called pTokens, which maintain a 1-to-1 peg between the native blockchain and the host blockchain (e.g., Bitcoins wrapped to operate on the Ethereum blockchain). With the release of pNetwork V2, pTokens like pBTC become fungible across chains, allowing users to move their pBTC directly across any of the supported chains without needing to go back to the native Bitcoin blockchain.