ckBTC: a canister-issued bitcoin twin token on the IC, 1:1-backed by BTC

General
90

Hello everybody!

DFINITY will submit three proposals today, which matches the outcome of the discussion wrt ckBTC & KYT (ckBTC and KYT Compliance - #414 by Jan).

  1. First, to install this Chainalysis KYT canister without any principals that can set API keys. This will let everybody review the Chainalysis KYT canister code.
  2. Second, a proposal sets an initial list of principals that can provide API keys. This proposal will contain Toniq’s principal. Anybody else that is willing to obtain a chainalysis subscription and perform the role of providing API keys can submit a proposal similar to this to add their own principal (and feel free to ask for help here).
  3. Third, a proposal to upgrade the ckBTC minter to use this KYT canister and enable BTC → ckBTC conversions. This proposal will also reduce the required confirmations from 72 to 12.

We will share the proposals here and I hope everybody takes the time to vote!

12 Likes