A conversations with Matt Luongo, founder Thesis.co and Threshold Network (aka tBTC).
In this conversation, Matt Luongo discusses Threshold Network and tBTC, a cross-chain bridge for Bitcoin. He explains how Threshold Network combines the capabilities of Keep and NuCypher to enable threshold cryptography and custody of ECDSA keys off-chain.
Matt also highlights the role of Bitcoin's scripting language in tBTC and the challenges of bridging Bitcoin to other chains, including Solana. He emphasizes the importance of trust models and settlement times in the tBTC ecosystem. Finally, Matt shares the availability of tBTC on Solana and the potential for expanding Threshold Network to support decentralized custodial escrow systems for various assets.
- Threshold Network combines Keep and NuCypher to enable threshold cryptography and custody of ECDSA keys off-chain.
- tBTC uses Bitcoin's scripting language to create a bridge between Bitcoin and other chains.
- Settlement times for tBTC range from one to two and a half hours, depending on the amount being bridged.
- tBTC is available on Solana, allowing users to purchase and trade the token on decentralized exchanges.
- Threshold Network has the potential to expand beyond Bitcoin and support decentralized custodial escrow systems for various assets.