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Could dlcBTC Resolve the Issues With Wrapped Bitcoin? - Ep. 690
Manage episode 434575879 series 1822984
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:
- 00:00 Intro
- 01:48 Aki’s background and how he got into crypto
- 04:14 What Discreet Log Contracts (DLC) are and why they are relevant for Bitcoin
- 07:56 How dlcBTC leverages these types of contracts to build a self-sovereign Wrapped Bitcoin and the differences with the current WBTC
- 15:41 Aki’s reaction to the news that WBTC will soon be handled by a joint venture between BitGo, Justin Sun and the Tron ecosystem
- 19:27 The role of attesters in making dlcBTC secure
- 23:26 How redemptions work in this kind of setup
- 27:31 Whether dlcBTC is more decentralized than WBTC
- 28:15 How many attesters the protocol should have to make it more safe and secure
- 30:05 How dlcBTC, the company, makes money with this product
- 31:11 Whether dlcBTC will be used in Bitcoin L2s, not just in the Ethereum ecosystem
- 34:47 What the future plans are for dlcBTC
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Guest
- Aki Balogh, CEO of dlcBTC.
Learn more about your ad choices. Visit megaphone.fm/adchoices
779 episoder
Manage episode 434575879 series 1822984
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:
- 00:00 Intro
- 01:48 Aki’s background and how he got into crypto
- 04:14 What Discreet Log Contracts (DLC) are and why they are relevant for Bitcoin
- 07:56 How dlcBTC leverages these types of contracts to build a self-sovereign Wrapped Bitcoin and the differences with the current WBTC
- 15:41 Aki’s reaction to the news that WBTC will soon be handled by a joint venture between BitGo, Justin Sun and the Tron ecosystem
- 19:27 The role of attesters in making dlcBTC secure
- 23:26 How redemptions work in this kind of setup
- 27:31 Whether dlcBTC is more decentralized than WBTC
- 28:15 How many attesters the protocol should have to make it more safe and secure
- 30:05 How dlcBTC, the company, makes money with this product
- 31:11 Whether dlcBTC will be used in Bitcoin L2s, not just in the Ethereum ecosystem
- 34:47 What the future plans are for dlcBTC
Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com
Thank you to our sponsors!
Guest
- Aki Balogh, CEO of dlcBTC.
Learn more about your ad choices. Visit megaphone.fm/adchoices
779 episoder
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