Is Intep a Dicentralized Cryptocurrency Custodian?

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Inchp is a dicentralized crypto custodian, leveraging threshold signatures to act as an access control mechanism. They don't need to worry about where thos fund are stored and who has access to what,. Because the network itself has no control over that information at all, or have no control over spending. So for you to actually sign a transaction, it requires your participation in the signing process. And likewise, if the network is hacked or compromised, or if there's a 51 % attack or a civil attack, or any of that kind of stuff that attacks the network, the funds are never at risk y because they can't be moved.

Welcome back. Lucas was out sick this week, so TC crypto reporter Jacquie Melinek subbed in as co-host to talk with Anita about the biggest stories in web3 this week. They discussed whether Sam Bankman-Fried is the savior crypto needs as more and more companies declare bankruptcy and unpacked the drama behind the fight for a U.S. Bitcoin spot ETF.

In this week’s interview, Anita chatted with Tux Pacific, the founder and CEO of Entropy, a startup that just raised a $25 million seed round led by a16z for its decentralized crypto custody solution. Pacific, one of the rare trans and queer founders to have raised institutional funding, dropped out of college to teach themselves cryptography. They describe themselves as an “anti-capitalist anarchist” and spoke with Anita abut why they think decentralization is the only way crypto can succeed.

Subscribe to Chain Reaction on Apple, Spotify or your alternative podcast platform of choice to keep up with us every week.

Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newsletters

Helpful links:

https://techcrunch.com/2022/06/08/the-trans-queer-anarchist-crypto-founder-seed-round-a16z-andreessen-horowitz/

https://techcrunch.com/2022/07/01/crypto-mega-hedge-fund-three-arrows-capital-reportedly-files-for-bankruptcy-in-new-york/

https://techcrunch.com/2022/07/01/ftx-us-deal-with-troubled-crypto-lender-blockfi-floats-acquisition-with-up-to-240m-purchase-price/

https://techcrunch.com/2022/06/30/the-sec-rejected-bitcoin-spot-etfs-again-now-what/

Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.