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DLC.Link Introduces New Trust-Minimizing Way to Package Bitcoin

DLC.Link Introduces New Trust-Minimizing Way to Package Bitcoin

2024/04/11 20:05

Today, institutional holders of Bitcoin who want to reap the benefits of their assets through the commonly used DeFi protocol can only scale by sending them to BitGo in exchange for replacement Bitcoins (wBTC). DLC. Link's new trust-minimizing approach to packaging Bitcoin, introduced today, promises to be a viable alternative. The "DLC" in the name stands for strict log consistency, which preconfigures the conditions for locked bitcoin (BTC) transfers, meaning that owners keep their coins in the form of full bitcoins on the Bitcoin network.

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