UNCHAINED: Could dlcBTC Resolve the Issues With Wrapped Bitcoin?

With everyone talking about the risks of Wrapped bitcoin (WBTC), can this project emerge as a new alternative?

In this episode, Aki Balogh, CEO of dlcBTC, explores how Discreet Log Contracts (DLC) can change how Bitcoin works in DeFi by creating a self-sovereign Wrapped Bitcoin. He delves into the mechanics of dlcBTC, its security features, and how it aims to be more decentralized than existing Wrapped Bitcoin solutions like WBTC. Aki also shares future plans for dlcBTC, including integration with Bitcoin Layer 2 solutions and expansion to various blockchain ecosystems.

Show highlights:

Aki’s background and how he got into cryptoWhat Discreet Log Contracts (DLC) are and why they are relevant for BitcoinHow dlcBTC leverages these types of contracts to build a self-sovereign Wrapped Bitcoin and the differences with the current WBTCAki’s reaction to the news that WBTC will soon be handled by a joint venture between BitGo, Justin Sun, and the Tron ecosystemThe role of attesters in making dlcBTC secureHow redemptions work in this kind of setupWhether dlcBTC is more decentralized than WBTC How many attesters the protocol should have to make it more safe and secureHow dlcBTC, the company, makes money with this productWhether dlcBTC will be used in Bitcoin L2s, not just in the Ethereum ecosystemWhat the future plans are for dlcBTC

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Guest:

Aki Balogh, CEO of dlcBTC

Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.

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