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sBTC: Design of a Trustless Two-way Peg for Bitcoin

Muneeb Ali and the sBTC working group · 2023

This PDF does not print an author line. Stacks.org credits the sBTC working group: Stacks core developers, Princeton computer scientists, Hiro, Trust Machines, Stacks founder Muneeb Ali, and the Stacks Foundation. Stacks began as Blockstack, created by Muneeb Ali and Ryan Shea, with Jude Nelson, Aaron Blankstein, and Michael J. Freedman on the earlier Blockstack papers (USENIX ATC 2016; technical whitepapers 2017 and 2019).

Design of sBTC, a 1:1 Bitcoin-backed asset on Stacks — a trust-minimized two-way peg rather than a wrapped custodial token. Hosted here unaltered. Copyright remains with the author or publisher. This is not a Block9 document.

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stacks-network.github.io/stacks/sbtc.pdf