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 […]
The Origin Protocol team has unveiled a compensation plan for its depositors who were adversely affected by the flash loan attack in November. According to the team, there is now a plan to provide compensation equal to 100% of the value deposited to OUSD at the time of the exploit. Two Compensation Plans Still, the team clarifies that one’s OUSD holdings before and after the hack will be a key determinant of the compensation package they will receive. In an update issued via Medium, Micah Alcorn who is the Production Engineer at Origin Protocol says: Approximately two-thirds of....