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See also another post, found here on SN, which shares an accompanying paper:

sBTC: Design of a Trustless Two-way Peg for Bitcoin
#107060
https://assets.stacks.co/sbtc.pdf


Here's the Tweet that kicked off the Twitter thread where this paper was shared:

NEW: we’re releasing two papers that enable trustless movement of BTC in/out of Bitcoin layers; unlocking the full potential of Bitcoin in DeFi & web apps.

A trustless two-way Bitcoin peg has been a holy grail problem for a decade.

More details👇

https://twitter.com/muneeb/status/1603065919508709377 [Nitter]