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NuCypher and Maintain Community suggest ‘world’s first decentralized protocol merger’

03/09/2021

Knowledge encryption and safety protocols Maintain Community and NuCyper have introduced plans to combine round a brand new community dubbed “Keanu.”

The communities of crypto initiatives Maintain and NuCypher are proposing a “exhausting merge,” with onlookers describing the transfer as “the world’s first decentralized protocol merger.”

Proposals have been printed to the respective boards of Maintain and NuCypher’s DAO on March 8, revealing discussions have been underway between the 2 initiatives for a number of weeks. If handed, the merger is predicted to see the 2 initiatives built-in into a brand new interoperable community dubbed “Keanu.”

The Maintain Community is a protocol permitting blockchain customers to privately retailer and switch information off-chain, with the crew utilizing its tech to construct the decentralized Bitcoin tokenization protocol, tBTC. NuCypher equally affords a decentralized information encryption and safety layer for Ethereum-based decentralized functions.

The publish written by NuCypher CEO MacLane Wilkison to his challenge’s DAO notes that NuCypher’s 2,000 nodes would turn into signers to tBTC, growing its node-count by 1,000% and offering a sturdy basis for tBTC’s coming v2 overhaul.

The proposals advocate a phased roll-out for the combination. A brand new staking contract would first be launching, sustaining help for each NU and KEEP as work tokens. Every group might be granted a mixed 50% stake in Keanu.

A decentralized autonomous group, or DAO, managed by the brand new contracts would shortly observe, adopted by tBTC v2’s deployment and integration of the respective consumer networks.

Regardless of the networks planning to combine, improvement might be pushed by two unbiased groups working towards shared goals. Maintain challenge lead Matt Luongo wrote:

“The Maintain and NuCypher networks have constructed comparable expertise with comparable objectives. Quite than persevering with to separate the market, we expect we are able to obtain considerably extra collectively. And whereas each dev groups will stay unbiased, we’ll all be targeted on a single protocol.”

On Twitter, Luongo additionally predicted the combination will pave the best way for layer-two integrations, suggesting customers will quickly be capable of mint tBTC on Optimism, Arbitrum, Polygon, or zkSync.

Viktor Bunin of blockchain infrastructure supplier Bison Trails famous that Keanu would provide the initiatives’ current stakers higher modularity, tweeting:

“Maintain and NuCypher are each modular. They’ll add help for brand new use circumstances, which stakers can decide into supporting. Stakers on the brand new community could have a higher number of modular parts […] by way of which they will earn charges.”

Bunin added that Keanu will diminish every community’s “reliance on inflationary incentives,” permitting the brand new community to turn into “sustainable off of charges alone a lot quicker.”