Keep Network September Roundup
DevCon5, ETHBoston, Crypto Springs, tBTC Podcast, Tech Updates and more…
We are continuing to discuss tBTC and over the past month, we’ve held several formal and informal price oracle design sessions, which has been a great collaborative community effort and fun times. Thanks to everyone who participated!
We also attended a number of key events in September, including Eth Boston and Crypto Springs. This week we’re at DevCon5, and later in October you can meet us at San Francisco Blockchain Week.
Conferences:
ETH Boston, September 6–8
The co-founder of Thesis and Head of Operations at Keep, Corbin Pon, helped organize the first-ever ETHGlobal event in Boston. The attendees spent 48 hours contributing to solving meaningful problems during the hackathon. It was a great success, check out the list of winners here!
Crypto Springs, September 23–25
Keep Project Lead, Matt Luongo, lead a breakout round table discussion on tBTC at Crypto Springs last month. He reviewed the mechanism design and new decentralized price feed design and facilitated a conversation on what tBTC enables for Bitcoin and Ethereum.
DevCon 5, October 8–11
October has gotten off to a great start, with several members of the Keep team at Devcon5 in Osaka, where we have spoken, and will speak, at the following events:
- On October 7th James Prestwich of the Cross-Chain Group will hold the tBTC talk at defi.wtf,
- On October 11th, Matt Luongo will introduce tBTC at the main stage, a novel mechanism of Improving the Federated 2-way Peg: A New Sidechain Design for Trustless Bridges on Ethereum, and
- Also on October 11th, Matt Luongo will speak on the panel about key management.
Some live design sessions will take place at the event too. You can find this year’s DevCon schedule here. Follow our adventures on Twitter and hit us up if you are around!
Castle Island Podcast: James Prestwich on tBTC
James Prestwich, the co-founder of Summa and a founding partner of Cross-Chain Group, was invited to speak on the On The Brink podcast about our tBTC project.
He discussed blockchain interoperability at large, developer incentives, and how economic interests can influence the protocol development process. Enjoy!
Tech Updates
Random beacon:
- Beacon pricing and staker rewards — made good progress both on the research and implementation
- Implemented a misbehaving member disqualification in distributed key generation protocol. Every known misbehavior case is now detected and properly handled
- Finished the implementation of a set of integration tests covering all known misbehavior scenarios
- Fixed a bug related to disqualifications: we were not dropping shares of a member we found guilty of not providing correct shares
- Refined network setup to allow for nodes behind NAT
- Enhanced validation of candidate group members tickets to cover the check of all ticket values
tBTC :
- Working on submitting digest to ECDSA keep for signing and redemption
- Working on publishing signed tx’s to the Ethereum chain for redemption
- We’re exploring a new decentralized on-chain price discovery mechanism to remove the trusted price feed — reach out if you have ideas on designs!
- We made progress on ACLs between contracts
- We implemented an algorithm for ECDSA signature recovery ID computation
- Completed finishing touches on the setup on how we are going to integrate with Uniswap to liquidate tokens
- We are finishing designs for the v1 redemption dApp
- Fixed a bug about deposit forwarding the initial transfer to keep — the initial transfer included funder bond and keep payment. Only the keep payment should go to keep.
- We introduced proper logging in t-ECDSA keep clients, the same logger we use in the random beacon
- We implemented an algorithm for calculating recovery ID of ECDSA signatures
- Iterated on the mechanism for price oracle replacement — more to come!
- Completed refactoring of how tBTC talks to ECDSA keeps
- Implemented state management for ECDSA keep sMPC cluster nodes
- Made good progress on the upgrade to the most recent bitcoin SPV version
The swag has arrived
We have been sending out some gifts for our most active Slack members, stay on the lookout for new competitions and hackathons to get yours!
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