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.

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👉 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.

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👋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

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