Interaction with the Bitcoin Network
The BitBolt Network is currently in experimental phase. Therefore, for security reasons, when depositing BTC from the Bitcoin Network to the BitBolt Network, a 12-block confirmation on the Bitcoin Network is required. After this confirmation process, the BitBolt Network will automatically update your BTC token balance.
The BitBolt Network has the ability to interact in real-time with the Bitcoin Network. You can withdraw your BTC from the BitBolt Network to the main Bitcoin blockchain at any time. Generally, the withdrawal process will require a time span equivalent to 1-3 Bitcoin block periods.
The BitBolt Network has the capability to read real-time block data from the Bitcoin Network as well as the Unspent Transaction Outputs (UTXOs) of each address. These more advanced features will be detailed in future developer documentation.
Last updated