Thursday Oct 10, 2024

BitGo Unicorn News: Threshold Network’s Decentralization Plan For BitGo’s WBTC

BitGo Unicorn News - October 10, 2024

The Threshold Network has proposed a new decentralization strategy for BitGo's Wrapped Bitcoin (WBTC), aiming to enhance security and decentralization amid ongoing DeFi challenges. This includes a shift to a multi-signature custody model and plans for further integration into the Threshold network.

Sources
https://cryptoslate.com/threshold-network-proposes-bold-plan-to-further-decentralize-wbtc/

Outline
(00:00:00) Introduction
(00:00:35) Threshold Network Proposes Decentralization Plan for BitGo's WBTC Amid DeFi Challenges

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