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Bitcoin embodies decentralization, security, and self-sovereignty. But today, financial transactions with Bitcoin require the use of custodians or bridges – a reliance on intermediaries that has led to disastrous losses numbering in the billions of dollars. Discreet Log Contracts (DLCs) are poised to change that by allowing users in the space, for the first time, […]
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Tag: Security
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How DLCs Can Enable Defi Deposits and Fulfill Bitcoin’s Promise
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Must Bitcoin ‘Drop Ideals’ of Decentralization to Achieve Mass Adoption?
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“It used to be like no debates around the fact that that’s not your keys, not your coins. I’m seeing erosion in that term,” Raw said. “If you ask people today, what ‘Uncle Jim’ means, it’s the guy who custodies bitcoin on behalf of the family unit. You see the difference between those two things?”
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