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Bitcoin ecosystem
Understanding the Bitcoin ecosystem
Browse the buying guidesBitcoin is a base blockchain that records transfers of its native asset, BTC. Bitcoin ecosystem projects can add services around it, including wallets, infrastructure and systems for representing other assets. Such a connection does not make another token equivalent to BTC or give it the same security assumptions.
How it works
Some products hold bitcoin through a custodian or represent it on another chain. Others use separate protocols with their own rules. Understand where the asset actually lives, who controls any backing and how redemption works. A familiar Bitcoin-themed name is not proof of a direct on-chain relationship.
Explore the foundations
Sources and further reading
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A little groundwork goes a long way
