Threshold Network has proposed to acquire BitGo‘s Wrapped Bitcoin (WBTC) product, offering $36.4 million worth of their native T tokens. The move aims to transition WBTC from centralized custody to Threshold’s decentralized model, merging it with their tBTC Bitcoin (BTC) bridge. The proposal was presented by NuCypher’s co-founder and Threshold contributor MacLane Wilkison and involves […]
The post Threshold Network proposes acquisition of BitGo’s WBTC to address centralization worries appeared first on CryptoSlate.
Originally appeared here:
Threshold Network proposes acquisition of BitGo’s WBTC to address centralization worries