CIP-???? | Trustless BTC Bridge

[siran]

Abstract

This proposal defines eBTC: a trustless, one-way bridge allowing BTC to enter Cardano as a native token. Users burn BTC on Bitcoin and present cryptographic proofs (NIPoPoW/SPV) to a Cardano smart contract, which mints a corresponding amount of eBTC. This solution removes reliance on custodians and oracles, enabling purely decentralized conversion and unlocking BTC’s liquidity for Cardano DeFi.

[rphair]

I'm converting this into Draft review status until it complies with the CIP format as described in CIP-0001 (#955) with about 100 examples of CIPs in the repository to imitate if there is any uncertainty. See here & the following "checklist" page for factors that make a good CIP: https://github.com/cardano-foundation/CIPs/wiki/2.-CIPs-for-Reviewers-&-Authors

The term CPS was originally in the title although this appears to be a plan for a particular method. @siran if you think this is instead a class of possible approaches to BTC wrapping on Cardano that could generate multiple CIPs, please say so here and we'll try to get you started converting your draft into a proper CPS draft.

[siran]

Thanks so much for your comments and patience. This is my first attempt at a CIP. So i'll check and imitate previous CIPs.

I do not know if this is a CIP or a CPS. Nor if it would devolve into multiple CIPs. I would be happy just with it being discussed :).

I'll try to read around to meet standards. Tried Discord server but didn't get response.

Thanks.