NuCypher is a decentralized KMS token that removes the limitations of using consensus networks to securely store and manage private encrypted data. The coin is accessible, intuitive, extensible, only the owner of the data has access to them, there is a re-encryption scheme for cryptographic access control.

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NuCypher

In this episode, Mike Townsend speaks with MacLane Wilkison, Contributor to Threshold Network, the home of tBTC, the only decentralized and permissionless Bitcoin bridge to Ethereum. He is a co-founder of NuCypher, which combined with Keep Network in the first-ever decentralized network merger to form Threshold.

Host:
• Mike Townsend: https://www.linkedin.com/in/townsendmike/

Guest:
• MacLane Wilkison: https://twitter.com/MacLaneWilkison

Episode Link: 
• https://www.aroundthecoin.com/podcast/episode-480-maclane-wilkison-contributor-to-threshold-network

00:00 Introduction: MacLane Wilkison, Contributor to Threshold Network 
01:34 What are Threshold Network and tBTC? 
02:36 Wrapped Bitcoin (wBTC) 
04:48 The Risks of the Process 
08:52 The Permissions  
11:22 T - Native Token for Threshold Network 
16:19 2 ways for a Node to become Malicious or just not function correctly 
19:20 Why would a wallet not be healthy? 
20:25 Before Threshold Network 
23:24 Bitcoin as a Distributed System 
24:02 Alternative Bitcoin Bridges 
25:16 Bitcoin Dominating Centralized Model and Decentralized Model 
29:56 Reaction to USDC depeg 
33:15 Banking is about Maturity Transformation 
39:59 What are you seeing in the middle of the SVB Collapse? 
43:33 The Government and Crypto Projects/Companies Getting into Banking 
46:35 What People Should Learn From the Things Happened Last Year 
48:46 The Role of T Token for the Decentralized Bitcoin Bridge 
51:07 The Function of T Token 

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NuCypher telegram news 24 March 2023 15:30