BTC $63,234.45 +0.52%
ETH $1,775.39 +0.32%
BNB $578.59 -0.24%
XRP $1.12 -1.56%
SOL $81.04 +0.68%
TRX $0.3302 +1.08%
DOGE $0.0747 -2.74%
ADA $0.1776 -2.69%
BCH $239.16 +0.51%
LINK $7.92 -0.02%
HYPE $71.52 +1.49%
AAVE $93.24 +1.67%
SUI $0.7400 -0.29%
XLM $0.1940 -5.94%
ZEC $454.41 +1.90%
BTC $63,234.45 +0.52%
ETH $1,775.39 +0.32%
BNB $578.59 -0.24%
XRP $1.12 -1.56%
SOL $81.04 +0.68%
TRX $0.3302 +1.08%
DOGE $0.0747 -2.74%
ADA $0.1776 -2.69%
BCH $239.16 +0.51%
LINK $7.92 -0.02%
HYPE $71.52 +1.49%
AAVE $93.24 +1.67%
SUI $0.7400 -0.29%
XLM $0.1940 -5.94%
ZEC $454.41 +1.90%

pro

All
Article
Flash

USDT will return to the Bitcoin network, and UTEXO will natively issue Bitcoin version USDT through the RGB protocol

Tether is preparing to natively issue USDT on the Bitcoin network based on the RGB v0.11.1 protocol, with commercialization and distribution handled by UTEXO. This will mark the return of USDT to the Bitcoin main chain after many years since it first landed on Bitcoin via the Omni protocol in 2014. Viktor Ihnatiuk, co-founder of UTEXO, stated that the company has received support from Tether to promote the implementation of native Bitcoin USDT.The RGB protocol employs client-side validation and integrates with the Lightning Network, enabling instant, low-cost, and private transactions of USDT while inheriting the security model of Bitcoin UTXO. In the future, users will be able to hold USDT directly through native Bitcoin addresses and complete transactions using Lightning Network wallets that support RGB, without relying on other public chains or intermediaries. Compared to the account model networks where USDT is primarily circulated, such as TRON and Ethereum, RGB naturally supports one-time addresses using the UTXO model and facilitates off-chain payments through the Lightning Network, effectively enhancing transaction privacy. Additionally, UTEXO is deeply integrated with Tether, reducing intermediary fees and data collection, and users can also convert USDT between different public chains at low cost through its already launched cross-chain bridge.

first_img The ENS governance turmoil is not over: Lianchuang proposes to reform the voting structure by entrusting 5 million tokens from the treasury

ENS co-founder Alex Van de Sande proposed a formal draft on Monday, suggesting to delegate 5 million ENS tokens from the ENS DAO's idle community treasury to individual participants to break the current concentration of governance power. Van de Sande pointed out in the proposal that currently, a representative with a sufficient quorum can not only execute any proposal but can also veto the votes of the next 50 representatives, implicitly referring to co-founder Nick Johnson. The tokens come from the unclaimed community treasury shares from the original ENS airdrop five years ago, and participants do not own or cannot sell these tokens. Van de Sande also proposed to add another 5 million tokens for delegation next year, trigger the revocation of delegation after six months of inactivity, and automatically terminate the overall arrangement after two years.This proposal comes at a time when the governance dispute within ENS DAO is escalating: Johnson previously delegated his ENS tokens (approximately 50% of the total delegated amount) to support a proposal to transfer the DAO's operational wallet to the ENS Foundation, and then used his voting power to block the renewal of the security committee, drawing criticism from several community members, with the original The DAO code author Christoph Jentzsch even suggesting to directly dissolve the ENS DAO.
app_icon
ChainCatcher Building the Web3 world with innovations.