Keep Network unveils v2 specs for tBTC protocol
A second iteration of tBTC hopes to improve on the failings of the first. The Keep Network has released details for the second iteration of its “trust-minimized” Bitcoin tokenization protocol, tBTC.In an April 11 blog post, Keep Network developer, Evandro Saturnino, outlined several changes the protocol is considering to address it’s past issues with collateralization.tBTC’s second iteration is expected to require stakers to only lock up KEEP rather than both KEEP and ETH, alongside introducing changes to its wallet generation mechanism. The protocol allows users to tokenize their Bitcoin....
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Users can now mint tBTC, a decentralized version of Bitcoin on the Ethereum blockchain, right on the CoinList exchange. tBTC acts as Bitcoin (BTC) covered in an Ethereum wrapper, making it compatible on Ethereum’s blockchain for various purposes, such as decentralized finance, or DeFi. Users of tBTC can now mint the asset on crypto exchange CoinList.“Larger investors and retail that maybe aren’t quite confident using a fairly new DApp can actually go into CoinList and wrap and unwrap tBTC the same way they do WBTC today,” Matt Luongo, CEO and founder of Thesis, the entity behind tBTC, told....
TBTC, a decentralized way to copy bitcoin (BTC) over to Ethereum, is relaunching today after a smart-contract bug sunk the project in May.
Data encryption and protection protocols Keep Network and NuCyper have announced plans to integrate around a new network dubbed “Keanu.” The communities of crypto projects Keep and NuCypher are proposing a “hard merge,” with onlookers describing the move as “the world’s first decentralized protocol merger.”Proposals were published to the respective forums of Keep and NuCypher’s DAO on March 8, revealing discussions have been underway between the two projects for several weeks. If passed, the merger is expected to see the two projects integrated into a new interoperable network dubbed....
Polygon (MATIC), an Ethereum (ETH) Layer 2 scaling solution, has unveiled a significant Improvement Proposal (PIP-29) that aims to establish a Protocol Council responsible for executing upgrades to system smart contracts. This proposal marks a major step towards implementing Governance 2.0 on the Polygon network. Polygon Unveils Protocol Council Per the announcement, the proposed Protocol […]
TitanSwap is using the renBTC protocol to implement cross-chain operations. Compared with the currently more common custodial cross-chain solutions wBTC and tBTC, the renBTC smart contract is a non-custodial access mechanism. Its core is the RenVM virtual machine, a decentralized network mainly composed of thousands of “dark nodes” Run on. Therefore, TITAN’s solution is more decentralized and practical. In addition, under the AMM model, price discovery and the risk of liquidity providers are largely determined by the Bonding Curve. TitanSwap proposes the TITAN Adaptive....