I thinking locking up mBTC makes a lot more sense - any reason you went with creating your own token the first time around ? Has BTC caught up with ETH in some matters of programmability ?
I thinking locking up mBTC makes a lot more sense - any reason you went with creating your own token the first time around ? Has BTC caught up with ETH in some matters of programmability ?
Unfortunately the chips we use for Kong Cash rely on the P256 curve rather than secp256k1. With Ethereum and the EVM we could bridge this via smart contract, however, Bitcoin script is too limited to achieve the same result (imo with good reason).
We landed on a very different chip configuration for Bitcoin which has the tradeoff of some centralized elements, but also allows the user to introduce their own entropy (unlike the chip we used in Kong Cash which in theory has very good entropy, but still relies on claims from the manufacturer). The timelock concept from Kong, however, works incredibly well for the Bitcoin Note as a failsafe for conditions where we disappear or refuse to service notes.
I wonder if they have an office in Hong Kong or something.