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The Keep Network has released details for the second iteration of its “trust-minimized” Bitcoin tokenization protocol, tBTC.
In an April 11 blog post, Keep Network developer, Evandro Saturnino, outlined several changes the protocol is considering to address it’s past issues with collateralization.
tBTC’s second iteration is expected to require stakers to only lock up KEEP rather than both KEEP and ETH, alongside introducing changes to its wallet generation mechanism. The protocol allows users to tokenize their Bitcoin for use on the Ethereum network.
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