Our great sponsors
-
-
-
WorkOS
The modern identity platform for B2B SaaS. The APIs are flexible and easy-to-use, supporting authentication, user identity, and complex enterprise features like SSO and SCIM provisioning.
-
We built a decentralized Bitcoin bridge, tBTC [0]. It's tiny today and doesn't have the liquidity to help here, but it is possible.
[0] https://tbtc.network
> That involves a trusted third party, doesn't it?
For most cases, yes. Binance, Gemini and some others provide a version of their token that can run in multiple chains. You have to trust them fully.
It's a little bit better for WBTC [0]. WBTC is a consortium of 30+ crypto projects who keep the BTC under their control through a multi-sig wallet, and that can be audited on-chain. In this case, the majority of the signers would have to conspire in order to steal the funds or do anything malicious.
renBTC is even more decentralized. It is part of the ren "network" [1], which provides inter-blockchain applications. I haven't looked yet how it works exactly, but my understanding is custody of BTC happens though a proper dapp.
[0]: https://wbtc.network
[1]: https://renproject.io