tBTC: The Bridge Between Bitcoin and Ethereum

tBTC is an innovative decentralized solution that opens the door to DeFi and Web3 for Bitcoin holders. It allows users to convert Bitcoin into ERC20 format tokens, achieving a 1:1 peg without relying on centralized custodians to use Bitcoin on Ethereum and other blockchain networks.

The core advantage of tBTC lies in its decentralized and permissionless nature. It protects users' deposited Bitcoin through random node operators on the Threshold network, utilizing cryptographic techniques to ensure fund security. This design not only enhances user privacy and control but also improves overall accessibility.

As a Bitcoin-supported ERC-20 token, tBTC provides users with the opportunity to participate in various DeFi applications, such as lending and liquidity provision, while maintaining ownership of Bitcoin. Its decentralization, interoperability, and strong security reflect the development team's emphasis on innovation and user experience.

Thesis: The Driving Force Behind tBTC

Thesis is a venture studio focused on blockchain technology, with over a decade of experience in the Bitcoin ecosystem. Their portfolio includes several successful projects such as Fold, Keep Network, and tBTC, showcasing their deep understanding of user needs and technical expertise in building robust blockchain solutions.

Thesis is always committed to creating solutions that focus on user ownership and security. The development of tBTC embodies this philosophy, providing Bitcoin holders with a trustless and decentralized way to participate in DeFi without compromising their Bitcoin ownership. This user-centric approach ensures that the projects developed by Thesis not only meet technical requirements but also address the real needs and concerns of actual users.

The Thesis team’s innovation on tBTC demonstrates their ability to push the boundaries of blockchain technology, developing secure, decentralized solutions that enhance the usability and interoperability of Bitcoin.

Mezo: Innovating the Bitcoin Ecosystem

Mezo is an innovative Bitcoin-first, EVM-compatible network designed to enhance the scalability and usability of Bitcoin. It incorporates tBTC as a core component, providing Bitcoin holders with a reliable and secure bridge to participate in a broader blockchain ecosystem.

Unlike other Bitcoin layers, Mezo positions itself as an economic layer that prioritizes BTC users and long-term holders. It adopts a "Proof of HODL" consensus mechanism, allowing users to validate transactions and secure the network by locking up BTC and MEZO tokens. This design not only allows users to earn BTC by securing the network but also includes a supply reduction mechanism that helps maintain the value of the Bitcoin network.

Mezo's goal is to enhance Bitcoin's infrastructure by facilitating faster and more cost-effective transactions while maintaining the core principles of the network. Currently, Mezo is under development but has opened early BTC, tBTC, and wrapped Bitcoin deposits, providing potential high-yield opportunities for early participants.

Main Features of Mezo

1. User Ownership and BTC as Gas: Mezo emphasizes users' complete control over their BTC and uses BTC as gas fees, maintaining a Bitcoin-centric approach to the network.

2. Dual Staking Model: The network adopts a dual staking model, where participants can stake BTC and MEZO tokens to validate transactions and protect the network, thereby earning rewards.

3. EVM Compatibility: As an EVM-compatible chain, Mezo supports complex smart contracts, allowing developers to create various DeFi applications and bringing Ethereum's functionality into the Bitcoin ecosystem.

Core Mechanism of Mezo

tBTC bridge

tBTC serves as a bridge between Bitcoin and Mezo, allowing users to convert BTC into ERC20 format tokens for various operations on the Mezo network. Whether running validator nodes, paying gas fees, or interacting with dApps, all BTC on Mezo is facilitated through the tBTC bridge.

Proof of HODL

Mezo adopts the Proof of HODL consensus mechanism, where participants protect the network and validate transactions by staking BTC and MEZO tokens. This mechanism encourages long-term holding of BTC, enhances network security, supports Bitcoin native applications, and generates yields.

Investment Philosophy

In the field of blockchain investment, we adhere to the following core principles:

1. Committed to True Decentralization: We only invest in projects that adhere to the principles of decentralization, especially DEGEN projects. We believe that decentralization is the foundation for building a strong and fair blockchain ecosystem.

2. Focus on Fundamental Technologies and Innovative Applications: We pay attention to projects that utilize advanced cryptography, game theory, and other mathematical disciplines to achieve innovative functionalities. We prioritize projects that push the boundaries of blockchain technology through rigorous research and development.

3. Promote Blockchain Adoption: We seek to invest in projects that make blockchain technology accessible and beneficial to mainstream users, aiming to accelerate the adoption and impact of blockchain in daily life.

Conclusion

Mezo represents an important advancement in the integration of Bitcoin with advanced blockchain technology, creating a more multifunctional and user-friendly ecosystem for Bitcoin holders. With the successful experience of tBTC and the expertise of the development team, Mezo is expected to significantly enhance Bitcoin's infrastructure, scalability, and usability. In the context of increasing attention on decentralized finance, Mezo demonstrates huge investment potential. By investing in Mezo, we not only support a project that aligns with our investment philosophy but also contribute to the innovation and growth of Bitcoin and the broader blockchain ecosystem.