tBTC is the Bitcoin Standard for DeFi. The most decentralized Bitcoin Onchain, with 5 years of proven security, developed by Threshold Network (@theTNetwork)
Every tBTC mint and redemption is settled by an SPV proof. Since tBTC v2 launched in 2022, the protocol has used SPV so the host chain can confirm a Bitcoin deposit directly against Bitcoin's proof-of-work, without needing an operator to vouch for it.
This write-up documents that infrastructure: