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Update docs/05-dev-tools/cross-chain-bridges/powpeg.md
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Co-authored-by: Owanate Amachree <[email protected]>
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wise4rmgodroot and owans authored Dec 5, 2024
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Expand Up @@ -9,7 +9,7 @@ tags: [powpeg, bridges, developer tools, rsk, testnet, rootstock, ethereum, dApp
The PowPeg App, formerly the 2 Way Peg App, allows users to convert BTC to RBTC and vice versa. It is secured by the PowPeg protocol, a unique system that safeguards locked bitcoins using the same Bitcoin hash rate that establishes consensus.


### Transaction Types
## Transaction Types

- **Peg-in**: Convert BTC into RBTC by locking Bitcoin in a secure multi-signature wallet. After confirmation, an equivalent amount of RBTC is issued on the Rootstock blockchain.
- **Peg-out**: Exchange RBTC back into BTC by burning RBTC on Rootstock and unlocking the corresponding BTC for transfer.
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