Matt Luongo ✜ Profile picture
Founder @thesis_co building @fold_app, @tbtc_project @theTNetwork @MezoNetwork @taho_xyz @embodySpace & @acreBTC. Proud adopted father of @trylolli. #bitcoin

May 13, 2020, 5 tweets

So excited for the latest work threshold DSA work from @rgennaro67 and @sgoldfed, and humbled to make the motivating intro @keep_project. Huge protocol improvements in the pipe thanks to this!

You should give the paper a read, but the TL;DR for the cryptocurrency space is a stronger, "off-chain" approach to multisig that's indistinguishable from single-sig.

The approach by the same authors in 2018/19 meant an efficient approach to threshold ECDSA. But using it meant losing "identifiable abort"- knowing which participant refused to take part in a particular signature.

This might seem like a small change, but it is going to explode the design space we've explored in #tBTC, and hugely improve cross-chain communication between Bitcoin-era chains and newer technology. Better, faster, cheaper, safer- and with less collateral.

We're starting work on a grade A, audited implementation of this paper in Go. If you're interested in getting involved as a dev or funder, HMU! @gnosisPM @crosschaingroup @keep_project @cz_binance @_prestwich @zmanian

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling