Informal Staking has been an active validator for Nomic since April, 2022. The Nomic Bitcoin bridge is a custom developed blockchain designed specifically to bring BTC to the Interchain. We view BTC as central to the future of the decentralized cryptocurrency economy, and Nomic offers a novel and unique bridging protocol to enable Bitcoin transactions in the Interchain.
Nomic has two tokens. NOM is the staking token used to secure and govern the Nomic Bitcoin bridge, as well as the fee token required to pay network fees. The second token on Nomic is nBTC, a 1:1 wrapped token of BTC on the Nomic blockchain.
The Nomic blockchain secures the Nomic Bitcoin bridge – the first decentralized and permissionless bridge bringing BTC into the Interchain ecosystem. Nomic is a custom proof of stake blockchain developed using Rust running on top of Tendermint.