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Add and link 4 years of tBTC news item
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Shadowfiend committed Aug 26, 2024
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2 changes: 1 addition & 1 deletion src/pages/developers/index.fr.md
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Expand Up @@ -12,4 +12,4 @@ Developers can build on tBTC. There are several resources to help devs use tBTC
- [The technical specification](http://docs.keep.network/tbtc/)
- [The Solidity API documentation](http://docs.keep.network/tbtc/solidity/)

Developers are already building on tBTC using the tools above. The hackathon at ETHDenver [produced several excellent applications](https://blog.keep.network/bitcoin-earn-wins-ethdenver-tbtc-hackathon-prize-5233ce805468) that may provide examples.
Developers are already building on tBTC using the tools above.
8 changes: 4 additions & 4 deletions src/pages/index.md
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Expand Up @@ -26,13 +26,13 @@ features:
title: Simple
spotlight_1:
body: >-
tBTC, the open-source project that allows people to use Bitcoin safely in
Ethereum DeFi apps, is live and ready to be used.
tBTC, the open-source project that allows people to use Bitcoin in DeFi
apps, has been operating safely for 4 years and bridged over 11,000 BTC.
button:
text: Read more
url: 'https://tbtc.network/news/2020-09-22-tbtc-is-live/'
url: 'https://tbtc.network/news/2024-08-26-4-years-of-tbtc/'
label: Announcement
title: tBTC Is Live
title: 4 years of tBTC
spotlight_2:
align: left
button:
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79 changes: 79 additions & 0 deletions src/pages/news/2024-08-26-4-years-of-tbtc.md
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@@ -0,0 +1,79 @@
---
template: news-item
title: 4 Years of tBTC
description: >-
Today’s tBTC is a robust, semi-permissioned Bitcoin bridge, iterating toward
full trust-minimization. tBTC has been in production for 4 years without
major incident with over [11,000 BTC bridged at its
peak](https://dune.com/threshold/tbtc?ref=blog.threshold.network), serving
users on Solana, Arbitrum, Optimism, Polygon, and Ethereum—making it one of
the most trustworthy bridges in the space.
date: 2024-08-26T12:35:21.390Z
---

4 years since the September 2020 launch of tBTC v1, tBTC continues to be one of
the few bridges that has never suffered a loss of funds. For those 4 years, and
the 2 years of development that preceded them, the teams at
[Thesis](https://thesis.co) and [the Threshold
Network](https://threshold.network) that have worked on the tBTC infrastructure
have been focused on the three principles outlined in [tBTC is for
L2s](/news/2024-04-15-tbtc-is-for-l2s):

- Security first
- Credible neutrality
- Economic alignment

## 4 years of learnings

In the early hours of May 18, 2020, at the height of COVID restrictions, the
Keep team [paused the first release of the tBTC
contracts](https://x.com/mhluongo/status/1262261372714455042) in what was to be
one of the first and only cases in the crypto space of a team spotting a
critical smart contract bug and avoiding all loss of funds. Following a
[detailed
retro](https://medium.com/keepnetwork/details-of-the-tbtc-deposit-pause-on-may-18-2020-38d7dd555663)
and four months of heavy additional testing, [tBTC went
live](https://tbtc.network/news/2020-09-22-tbtc-is-live/) in its first version.
Though this was the only time that the bridge has risked fund loss, the
learnings from that event have translated into a rigorous, careful development
process that has ensured the security of the bridge for the years that
followed.

Once tBTC v1 launched, it became clear that one of the key challenges in
scaling a bridge is its capital efficiency---how to balance security of user
funds against the economic guarantees that those funds will remain available.
This observation triggered the development of v2 of the bridge, whose design
carefully balanced these two components to produce a [decentralized Bitcoin
bridge built for
scaling](https://medium.com/keepnetwork/tbtc-v2-a-censorship-resistant-btc-bridge-at-100x-scale-199d3a54ab99).
Launched in January 2023, this updated model has safely bridged over 11,000 BTC
to date.

## 4 years of changes

Though the original version of tBTC was built by the Keep Network, 2021 brought
an opportunity for Keep Network and NuCypher, a similar project with a slightly
different product portfolio, to [merge into one joint
DAO](https://blog.threshold.network/decentralized-merger/). In early 2022, the
first decentralized merger was completed to create the Threshold Network,
whose nodes now operate the systems that back tBTC bridging. In the intervening
time, Threshold has become a full-fledged DAO with an associated legal entity,
various guilds responsible for driving it and its products forward, bug bounty
programs associated with tBTC and other protocols backed by the network, and
more.

More recently, Threshold launched [thUSD](https://www.thresholdusd.org/en/), a
stablecoin backed by Bitcoin based on tBTC, and L2s have started relying on
tBTC to provide more use cases and possibilities to the world of Bitcoin.

## 4 years is just the beginning

tBTC is mature, but it's also just getting started, both as a building block
and as an infrastructure tool. tBTC promises to be instrumental in building out
the networks that are adding productive uses to Mezo. It is also underpinning a
new wave of native experiences for Bitcoin-native users, including [transparent
access to Bitcoin
wallets](https://info.mezo.org/mezo-portal/btc/btc-deposit-guide) that want to
interact with other chains.

The future of tBTC is bright.
2 changes: 0 additions & 2 deletions src/templates/news-item.js
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Expand Up @@ -14,8 +14,6 @@ export const NewsItemTemplate = ({ title, date, body }) => (
const NewsItem = ({ data, pageContext }) => {
const { markdownRemark: post } = data

console.log(post.frontmatter, post.frontmatter.canonicalUrl)

return (
<App
title={post.frontmatter.title}
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