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Thursday, February 17 • 11:00am - 1:00pm
interBTC - Insured Bitcoin on any Blockchain

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Have you noticed that more than 95% of Bitcoin on Ethereum are held by a handful of multi-sig owners? That’s about $13.1bn Bitcoin at risk in DeFi that can just be snatched away in a hack or by regulatory action. We think that this needs to change and that there is a better way to bridge Bitcoin and other assets into DeFi. In this session, we introduce how an open set of collateralized custodians can build a decentralized Bitcoin bridge. The main benefit of this is that instead of relying on a handful of trusted multi-sig owners, wrapped Bitcoin becomes backed by insurance and allows anyone to hold Bitcoin.

The session will start with an in-depth introduction of the interBTC product. We will detail the primary differences with existing BTC bridges and highlight why interBTC is trustless. This will lead into a dissection of Vaults and how they secure BTC on the Kintsugi and Interlay parachains, connected to Kusama and Polkadot respectively

In the following workshop, participants will register a Vault client on our live testnet and mint interBTC. Once operational, they will be challenged to steal BTC held by the Vault without being liquidated. A grand prize will be awarded to anyone who is able to subvert the protocol. Additional prizes may be awarded to hackers who find new and unique bugs.

Laptop with access to Linux
Networking connection

Event Hosts
avatar for Interlay


We envision a future where blockchains seamlessly connect and interact: anyone can use any digital asset on any blockchain, trustless and without limitations.We work with Bitcoin, Ethereum, Polkadot, Cosmos, and others to expand interoperability, capital efficiency, and openness... Read More →

Thursday February 17, 2022 11:00am - 1:00pm MST
* 1134 Broadway (2nd Floor)