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Could dlcBTC Resolve the Issues With Wrapped Bitcoin? - Ep. 690
Unchained
Custody Crisis: Secure Your Bitcoin
When Bitcoin is held by third parties like custodians, it creates significant risks for large amounts of Bitcoin, especially if those custodians encounter issues. Retail investors may not worry as much about smaller amounts, but large holders face severe consequences. The widespread use of tokens like WBTC across the ecosystem amplifies potential systemic risks, making larger traders particularly cautious. The introduction of decentralized mechanisms like DLCBTC offers a solution, as it allows users to lock their Bitcoin with themselves rather than relying on outside custodians, ensuring greater security and control over their assets.
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