Trustless Bitcoin Bridge Launched on Kusama Network. Polkadot Next.https://medium.com/interlay/trustless-bitcoin-bridge-launched-on-kusama-network-polkadot-next-948bb5008170"As a canary network, kBTC is following a multi-phase launch process. While anyone can spin up a Vault, initially the amount of BTC locked will be limited — using collateral ceilings like in MakerDAO.
The initial ceiling is USD 400,000 worth KSM collateral. Once maxed out, governance will propose to double the ceiling to 800k, then to 1.6 million, etc. gradually scaling. In parallel, new kBTC integrations and use cases will be released, balancing supply and demand."
Polkadot is in Miami during Bitcoin 2022! Come by and learn all about the censorship-resistant blockchain that’s bridging to Bitcoin
https://www.eventbrite.com/e/introduction-to-polkadot-bitcoin2022-registration-310327406627?