https://twitter.com/thetnetwork/status/1616443212960342018?s=46&t=2lXdu3V8kIJTRHI16wtm3g

We agreed to take a look back at legacy Keep and Nu blog posts for quotable content, so I propose this thread, pulling from “**tBTC, the Safe Way To Use Bitcoin in DeFi”**:

1 As Threshold’s contributor teams gear up for the much-anticipated release of tBTC v2, a look back at some foundational concepts. 🧵

2 From @keep_project’s “**tBTC, the Safe Way To Use Bitcoin in DeFi” Sept. 2020 post:**

[screen shot:] “Nearly 60% of the total crypto market cap is currently held in BTC. Tapping this liquidity and making it possible to use Bitcoin in DeFi apps will be crucial to the long-term growth of the crypto economy.”

3 → As of today, BTC is 41% of the nearly $1 trillion total crypto market capitalization. Notably, ETH is 12.5%.

4 “…And it must be done right: for crypto to succeed in offering a decentralized, transparent, fair alternative to the existing financial system, any Bitcoin-Ethereum bridge must be safe and reliable.”

5 → tBTC v2 significantly improves on v1’s highly capital intensive security (among other things, 51/100 signers - instead of 3 signers putting up 150% collateral in ETH to secure the escrowed BTC). [link to “Bridging the Gap: The Basics of tBTC” https://blog.threshold.network/bridging-the-gap-the-basics-of-tbtc/]

6 “…With this in mind, tBTC has been designed with the highest standards of security and usability. The project uses threshold ECDSA, which is audited and in use on Binance among other top wallets and exchanges.” [we should run this by Beau or someone, as a) we may want to take out the 2nd sentence and b) it would be good to follow with another v2 improvement.

7 So, while tBTC v2 is launching very soon, DeFi users will benefit from its years of development, battle testing and cryptoeconomic lessons on v1.

8 The original post is here if you want to take a look: “**tBTC, the Safe Way To Use Bitcoin in DeFi”**