Illustration: Aïda Amer/Axios
The Threshold Network has announced plans for a new decentralized bitcoin bridge to Ethereum, allowing the original cryptocurrency to be used on the largest programmable blockchain.
Why it matters: As holders of the oldest and most valuable cryptocurrency, many bitcoin investors want to use it to earn yield in decentralized finance (DeFi), something they can’t do on the Bitcoin blockchain. But they also want to avoid the counterparty risk of trusting a single…
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