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Podcast: Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies
Episode: Aki Balogh: DLC Link – Self-Wrapped Bitcoin (dlcBTC)
Description: gnosis.ioUnlike Ethereum ‘programmable money’, Bitcoin lacks native smart contracts by design. In an attempt to expand Bitcoin past its store of value narrative, wrapper contracts provided wBTC on other chains for DeFi applications. However, wBTC does not directly represent the native asset and it is, therefore, subject to potential exploits. DLC Link introduces a novel approach, by allowing entities to self-wrap dlcBTC.We were joined by Aki Balogh, co-founder of DLC Link, to discuss discreet log contracts, their trust assumptions and what they mean for Bitcoin’s use cases and liquidity.Topics covered in this e...