CGV announces investment in the Bitcoin interoperability platform DLC.Link
DLC.Link utilizes DLC (Discreet Log Contracts) technology, combining Point Time Locked Contracts and Schnorr signature technology, to bring stronger programmability to Bitcoin, allowing Bitcoin to be used for financial services with native security, unlocking the native DeFi potential of Bitcoin.Recently, CGV officially announced its participation in the seed round financing of the Bitcoin interoperability platform DLC.Link.
DLC.Link utilizes DLC (Discreet Log Contracts) technology, combined with Point Time Locked Contracts and Schnorr signature technology, to bring stronger programmability to Bitcoin, allowing Bitcoin to be used in financial services with native security, unlocking the native DeFi potential of Bitcoin.
DLC.Link will soon launch the non-custodial wrapped Bitcoin dlcBTC, which is an asset certificate for Bitcoin on Ethereum. Compared to other bridge BTCs, dlcBTC completely eliminates the need for trusted intermediaries/custodians, locking Bitcoin in multi-signature UTXOs through DLC technology, achieving the same level of security as the Bitcoin mainnet.
CGV believes that security is always the most critical factor in blockchain projects, and the prosperity of the Bitcoin ecosystem must be predicated on asset security. We believe that with the help of DLC.Link, many dormant Bitcoins will enter ecological circulation, triggering a new wave of DeFi enthusiasm.
The investment in DLC.Link is one of CGV's important layouts in the Bitcoin ecosystem, and more investment information related to the Bitcoin ecosystem will be disclosed in the near future.
