Abstract
Swingby’s Skybridge provides digital asset bridges between Bitcoin, Ethereum, and other blockchains, enabling users to move their assets and access DeFi ecosystems on other chains without relying on a central custodian.
While blockchain bridges are the primary way of representing digital assets across various blockchain networks, non-native digital assets introduce systemic risks that require a security-in-depth approach.
In this Tech Talk, we will discuss the details of how Swingby leverages Chainlink Proof of Reserve to increase the security of Skybridge and explore the advantages of having Bitcoin integrated into DeFi ecosystems on other chains.
Learning Objectives
Learn how Chainlink PoR provides real-time transparency into Skybridge reserves.
Explore the importance of transparency and real-time verification for wrapped Bitcoin.
Understand the advantages of having a wrapped version of Bitcoin.