Last month, some of our team members traveled to Berlin to attend the Berlin Blockchain Week 2019. This whole week was very productive time and a lot of ideas were exchanged. Keep also hosted its own events, including an Interoperability Summit — an event to foster candid conversation and to bring together people that are building.

Interoperability Summit

On Monday, 19th August, Keep Network and Fabric Ventures organized the Interoperability Summit, where some of the leading projects in the space shared their latest efforts and development updates on bridging the decentralized ecosystem.

After the opening by Richard Muirhead, Managing Partner at Fabric Ventures, Matt Luongo presented tBTC, the first major app slated to be launched on the Keep Network. tBTC builds on the work token, random beacon, and Keep’s t-ECDSA technology.

tBTC is a powerful ERC-20 two-way peg between Bitcoin and Ethereum. It maintains Bitcoin’s value as hard money while allowing that liquidity to be leveraged by Ethereum smart contracts.

tBTC is completely decentralized, allowing for trust-minimized maintenance of the token’s Bitcoin backing. This open-source project is focused on Bitcoin vs trying-to-solve-everything, and, more importantly, it aims for greater decentralization. tBTC is planned to go live shortly after the Keep Network’s initial phase, Random Beacon.

tBTC demo

Learn more about tBTC:

The presentation was followed by discussions broken down into two subjects:

Panel 1: Technical Approaches to Decentralized Cross-Chain State Transfer with Matt Luongo, (Keep Network), Joe Petrowski (Polkadot) and Christopher Goes (Cosmos Network). The panel was moderated by Richard Muirhead, Managing Partner, Fabric Ventures.

Panel 2: Injecting Fiat into the Realm of Web 3.0 with Szymon Sypniewicz (Ramp Network), Mariano Conti (MakerDAO),Ryan Selkis (Messari), Matt Luongo (Keep Network). Moderated by Max Mersch, General Partner, Fabric Ventures.

You can watch the summit’s recording in the video below.