What You Didn’t Know About Wrapped Bitcoin

Matt Luongo from Thesis helps us “wrap” our heads around what it means to take your bitcoin cross-chain. What are the trust assumptions? What are the differences between different wrapped Bitcoin products? Is there any “funny business” going on? Notes: • New users are coming to ETFs • Microstrategy vs cross-chain Bitcoin • TVL mirroring • BitGo’s Wrapped Bitcoin vs other wrapped Bitcoin Check out our Bitcoin scaling conference! Visit opnext.dev to learn more. - 👉 Brought to you by Arch Network! Arch brings the speed of Solana & the best of crypto UX to Bitcoin. Tap into the rich app ecosystem on Arch & try out the testnet while you’re still early! Visit arch.network to learn more. - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Chapters: 00:00 Introduction 02:03 What is Wrapped Bitcoin 05:12 Bitcoin Layers and Bridging 07:45 Arch Network 08:15 Layers 10:30 Trust Assumptions in Wrapped Bitcoin 14:14 Proof of Reserves vs. Solvency 19:02 The Scale of Wrapped Bitcoin 25:12 Soft Forks and Bitcoin’s Future - Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media Learn more about your ad choices. Visit megaphone.fm/adchoices