The first trustless DEX between Bitcoin and Ethereum?

The first trustless DEX between Bitcoin and Ethereum?

https://x.com/riftdex/status/1842242143005614489?s=46

higher

farcaster is like a filter for bullish content, plenty of stuff for a good nerd snipe

love seeing this kind of stuff and thinking of where we are headed

The ZKP is necessary because the user who holds BTC on Bitcoin and wants USDT on Ethereum must prove to the smart contract on Ethereum, which controls the locking and unlocking of their USDT, that they have maintained the five invariants (pictured below).

And of course by doing this, you are skipping completely over CEXs like Binance and Coinbase (plus apparently it is cheaper fees) and no KYC, assuming you weren't previously doxxed with the linked addresses.

I don't understand why a zkproof is necessary here.

building open source public goods @a16zcrypto