in

tBTC Becomes the First Incentivized BTC Asset on EigenLayer

About Threshold Network:

Threshold Network offers decentralized cryptography services that enhance privacy and security on public blockchains by distributing operations across independent nodes. Powered by the T token, users can stake and operate nodes to support key services like tBTC, a Bitcoin bridge, and TACo, an access control tool. By minimizing reliance on centralized entities, Threshold ensures trustless, secure, and privacy-focused solutions for decentralized applications in the evolving Web 3.0 landscape. To learn more, please visit: https://threshold.network/

About EigenLayer:

EigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through a system of interconnected smart contracts, any ERC-20 token, such as tBTC, can be “restaked” to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt into these opportunities by running additional node software and in some cases grant the EigenLayer smart contracts the ability to impose additional slashing conditions on their assets as specified by the AVS.

ContactM Group on Behalf of Thresholdtkaufmann@mgroupsc.com

This article was originally published on Chainwire


Source: Cryptocurrency - investing.com

Bank of Spain ups 2024 economic growth forecast, again

Leading Crypto Liquidity Provider BlockFills Integrates NCFX’s Benchmark Data to Deliver Unmatched Quality and Service to Institutional Clients