tBTC v2
We’re excited to announce that the client software of tBTC v2, the censorship-resistant Bitcoin bridge that combines decentralization with scalability, is now launched. tBTC v2 is the second application supported by the Threshold Network, following Proxy Re-Encryption (PRE). The client launch marks the beginning of the first phase of
Editorial
There are two fundamental components to decentralization: Resiliency, and Losing the Power to Censor.
Editorial
In The Beginning, There Was Flowdock The original team behind Keep has been using Flowdock [https://www.flowdock.com/] since well before Keep’s launch in April 2020. At the time we were originally making these decisions, we knew we needed a platform to help us meet the following needs:
tBTC v2
TL;DR: an updated timeline for the tBTC v2 launch. August - Smart Contracts: Pending the outcome of two independent audits by Trail of Bits and Least Authority which will be published in July. - Staking Client: Our goal is to launch the staking client by September 15th. Rewards for
tBTC v2
We have a v1 to v2 migration proposal. Agoristen’s “The Sunsettening” was validated unanimously with 1.3B T in favor, and it’s now time to start implementation. The Sunsettening means that existing tBTC v1 will be upgraded to tBTC v2 and then changed back to v1 by the
tBTC v2
TL;DR * Pending problems in audit, it will launch on mainnet in August * It should be a controlled launch with a slowly rising cap on # of tBTC that can be minted * It will launch without redemptions at first * During August and September we will be gradually releasing and testing functionalities.
DAO Governance
We are pleased to announce… The Threshold DAO is transitioning to onchain governance! This represents a major milestone for our DAO, and will introduce several big changes to our governance system. The rewards mint proposal [https://forum.threshold.network/t/threshold-dao-delegates/325] will be the first Threshold proposal to be
Intro
To supplement the bi-weekly email newsletter [https://mailchi.mp/ba19eec0c134/threshold-time-newsletter-keep-nucypher-issue-3262814] and give the Threshold Community greater insight into the talented and passionate people creating and supporting this groundbreaking technology, the Threshold Marketing Guild has begun a series of interviews with members of the Keep and NuCypher teams. Not a
PRE
The PRE Application is live on the Threshold Network! Version 6.0 of the nucypher client codebase is now released. There have been significant changes since the last major version, including integration with Threshold Network staking and the migration of policies to Polygon. Required steps for stakers to be eligible
Keep
All legacy KEEP stakes can now upgrade to participate in the Threshold Network. Starting at the end of March 2022, rewards will be sent only to those running PRE on Threshold, with legacy or native T stakes. This means you have until the end of March to upgrade your stake
tBTC v2
TLDR: * tBTC v2 will be the first non-custodial solution to bridge BTC to Ethereum at scale. * Our mission is to extend Bitcoin’s properties onto every major network. * We plan to launch our v2 Ethereum bridge in Q2, and deploy onto other chains in Q4. * Threshold’s recent hard merge
Events
ETHDenver and Threshold Threshwho? NuCypher + Keep = Threshold! Over the past several months the NuCypher and Keep communities have been hard at work on the first-ever on-chain merger between two decentralized networks. Both projects individually guarantee user sovereignty on the public blockchain through the use of threshold cryptography. Now together on