Bitcoin, tBTC on Solana, and Threshold Network (feat. Matt Luongo founder of Thesis.co)

Bitcoin, tBTC on Solana, and Threshold Network (feat. Matt Luongo founder of Thesis.co)

Author: Nick and James December 12, 2023 Duration: 57:47

A conversation with Matt Luongo, the founder of Thesis.co and Threshold Network (aka tBTC).

Full show notes: solfate.com/podcast/40
Watch this episode on YouTube: youtube.com/watch?v=A05AtK7WX1I

Follow the @SolfatePod show on Twitter for updates. Thanks for listening frens :)


Notes from the show

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.

Takeaways

  • 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.


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Solfate Podcast


What does it actually take to build a meaningful project in the fast-moving world of Solana? On the Solfate Podcast, hosts Nick and James pull back the curtain on the process, moving beyond hype to explore the real work happening on-chain. As developers actively building in the ecosystem themselves, they bring a practitioner's perspective to every conversation. Each episode features an in-depth interview with a founder or core builder, delving into the technical hurdles, strategic decisions, and personal journeys that define their work. You'll hear firsthand accounts of architecting protocols, designing tokenomics, navigating community growth, and solving the unique challenges presented by high-performance blockchain technology. The discussions are grounded, detailed, and focused on the mechanics of creation, offering listeners a genuine look at the innovation shaping Solana's future. This isn't about surface-level commentary; it's a series of deep dives for anyone curious about the people and code behind the projects. Tune in for candid insights you won't find anywhere else, straight from the developers on the front lines.
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