Description
Nomic is a truly decentralized custody engine for Bitcoin. It operates as a Proof-of-Stake network that runs alongside Bitcoin to securely bring native BTC to other networks like Osmosis, Cosmos, Ethereum, and Berachain. This allows users to utilize their Bitcoin without trusting it to a third party. The platform emphasizes security with features such as being fully-verifying (verifying the Bitcoin chain directly without oracles), an emergency disbursal system to automatically return BTC to nBTC holders, and circuit breakers to enforce rate limits on withdrawals and signatory changes. Nomic aims to provide a simple, single-step user experience for developers to integrate Bitcoin into their applications.