The VerifiedX The foundation announces the launch of vBTC.b on Base with the support of Fireblocks, which strives to bring Bitcoin characteristics digital gold and world class brand recognition to the Defi and Institutional markets themselves.
According to a press release shared with Bitcoin Magazine, VerifiedX is the first “Non-Synthetic Bitcoin Asset” with a natural bitcoin redemption, compatible with Base, Coinbase’s famous EVM blockchain and Defi platform. “vBTC now lives as an official asset on the Base under vBTC.b and is officially listed within the Fireblocks platform and stands for you.”
While integration with Base makes vBTC available to the public. The integration with Fireblocks opens up the interest of organizations, as Fireblocks is a leading leader in the digital economy and a strong brand in the Western market.
According to DefiLlama, the Defi market today has a value of more than 80 billion. Although Bitcoin remains the king of crypto markets, its representation in Defi remains low; only 5 billion The value is stored in Bitcoin throughout the entire crypto-defi ecosystem, right Ethereum has more than 43 billion about the same.
VerifiedX believes that there is a huge demand for Bitcoin within the Defi, and organizations that are interested in self-care that can meet their needs to comply with the rules and privacy from the onchain audit and management. VerifiedX was built around these expectations, while building beyond traditional bridges, bitcoin stickers and trusted institutions.
Their new approach supports many open networks a FROST multiparty computation (MCP) principles that arguably set a new standard for machine learning. The value of VerifiedX shares has received “a full account of the schools through Halborn.”
Bitcoiners can expect more integration with Defi rails from vBTC, with new tools such as “stable settlement, cooperative lending, yield methods, and AI-agent trading” among other possibilities, while using more autonomous and self-sustaining technology than has been the case so far. The VerifiedX chain also has zero-knowledge verification technology built in, providing privacy benefits to users while moving BTC in and out of the system, protecting them from onchain analytics.
FROST Multi-Party Computation and Self-Conservation
The VerifiedX network supports the latest in cryptography built around the Bitcoin upgrade. Each VerifiedX licensee runs the FROST multiparty computation (MCP) server, a high-performance and scalable platform. Shamir’s secret sharing was created without VerifiedX.
FROST, which stands for “Flexible Round-Optimized Schnorr Threshold Signatures,” unlocks the same technology as most signature addresses in Bitcoin, but without leaving a transparent layer. The addresses generated by FROST are completely anonymous to other taproot addresses, providing a significant privacy benefit.
But the real value of FROST is the modern signature technology, which allows party members to easily add and remove important parts (shards) from the party (as long as the majority agrees), without having to do anything on the chain. Keeping the computation parallel allows more parties to participate in the security transaction than would otherwise be possible, while keeping costs low and zero for Bitcoin. When exceeding the limit of shards used in this MCP process, the official Bitcoin transaction can be collected.
New members can join the VerifiedX network as verifiers at any time, although they may have to jump a few steps. Users may need to sign various transactions on the VerifiedX blockchain and must have 5000 VFX, the common property of this blockchain. When the correct onchain transaction is signed, the network receives a new validator and its corresponding shard, increasing the number of parties required to pass. The result is a powerful and large bitcoin wallet that avoids corporate whitelists or small trusted regulators. If members remove their 5000 VFX from an address, their node will be removed from the active validators, and the FROST system will change accordingly.
It is important to note that although it is successful in the distribution of authority, this online scheme does not pass the technical definition of self-storage, because it does not give the holders of Bitcoin. unilateral removal rights to the foundation of Bitcoin. If, for some catastrophic reason, the entire VerifiedX public FROST pool goes offline, vBTC holders will not be able to redeem their bitcoin. However, the scheme is apparently more formal than other current methods, often relying on simple multi-level addresses, bitcoin tokens backed by altcoins or trusted institutions. In the current bootstrap phase, there are more than 100 validators, and the number may well rise above the size.
VerifiedX technology opens the door to an autonomous process from Bitcoin to Defi. According to Jay Pollak – Director of Strategy and Business Development at the VerifiedX Foundation – the VerifiedX protocol can allow users to establish “self-governing contracts” with shards and smart contracts that have 1:1 collateralized vBTC 100% under their control, although this will be announced in detail and simplified in future updates. The proposed ‘independent smart contract’ would bypass the reserve standard, opening a direct path from onchain Bitcoin to the Defi ecosystem under the same vBTC ticker.
VFX Governance Token
VFX, the authority token of the VerifiedX blockchain, is an important security part of the overall equation, especially for the FROST pool. Some kind of price must be imposed on new verifiers to stop the proliferation of fake accounts from destroying the network. To this end, the new implementation of the protocol requires 5000 VFX funds to be maintained by the authorized. However, according to Pollak, this number may drop in the near future.
The price of VFX image has seen a significant increase since January 2025, although Pollak points out that Bitmart is the only exchange that records, and the availability of better prices will come as it enters the main markets and more funds are available. He was adamant that VFX is a token of authority and has no interest in competing with Bitcoin in any way. Today, VFX retails for about $69, which makes the cost of proofreading very high, although Pollak said the amount of VFX required should change to a much lower price soon, making the independent production process more accessible.
200 million units of VFX was created 2023 for the implementation of the protocol, with 67.5 million going to the VerifiedX base and the rest being mined to participate quickly and in the test network. Today, the foundation has about 32.3 million VFX funds. According to Pollak, the number of live VFX is about 169.9 million, while the remaining 30 million were burned in the early days for safety reasons. The circulation is limited, he added, since during the testnet coins are forced and can be moved a few times at a time, “according to the opening schedule on the chain, reducing the transaction beyond the number of fires per block.”
Bitcoin Magazine has a financial relationship with The VerifiedX Foundation. This article was not posted or reviewed by VerifiedX Foundation and reflect the independent judgment of the author.
