Preserve Undertaking founder Matt Luongo discusses launching a bridge between bitcoin (BTC) and ethereum (ETH) in addition to what the world appears like for BTC and DeFi after COVID-19.
Matt Luongo received his begin in bitcoin in 2013. In 2016, he watched a pivotal second the place the “sound cash, digital gold” narrative subsumed the funds use case for bitcoin. Whereas he agreed, in the end, with the significance of bitcoin as a brand new reserve asset, he nonetheless needed to construct and located his option to ethereum.
Now his firm is launching tBTC, a trust-minimized bridge between bitcoin and ethereum. Amongst different makes use of, it’s a new resolution to enabling bitcoin for use as collateral in DeFi purposes.
On this dialog, Matt and @NLW talk about these narrative shifts, in addition to what the position and narrative for DeFi is perhaps in a post-coronavirus disaster world.
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