Aki Balogh: DLC Link – Self-Wrapped Bitcoin (dlcBTC)

Epicenter - Learn about Crypto, Blockchain, Ethereum, Bitcoin and Distributed Technologies

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 episode:

• Aki’s background and switching from AI to crypto
• Discrete Log Contracts (dlc)
• Trust assumptions in dlc
• BTC bridges and dlc attesters
• The non-fungibility of dlcBTC
• Potential regulations
• Current status and roadmap
• Other BTC bridges

Episode links:

• Aki Balogh on Twitter
• DLC Link on Twitter
• Epicenter's 10-year anniversary live stream

Sponsors:

• Gnosis: Gnosis builds decentralized infrastructure for the Ethereum ecosystem, since 2015. This year marks the launch of Gnosis Pay— the world's first Decentralized Payment Network. Get started today at - gnosis.io
• Chorus One: Chorus One is one of the largest node operators worldwide, supporting more than 100,000 delegators, across 45 networks. The recently launched OPUS allows staking up to 8,000 ETH in a single transaction. Enjoy the highest yields and institutional grade security at - chorus.one

This episode is hosted by Meher Roy. Show notes and listening options: epicenter.tv/526