REN I am not actively trading but keep looking at the trading view. As a project, I don't know enough about it. Only that they aim to bring BTC on ETH blockchain for De-Fi purposes. Is that right?
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REN I am not actively trading but keep looking at the trading view. As a project, I don't know enough about it. Only that they aim to bring BTC on ETH blockchain for De-Fi purposes. Is that right?
Yes that's correct, they're basically a large multi-sig solution which distributes incoming Bitcoin private keys over a network of darknodes via multi-party-computation, you need to stake 100k REN to run a darknode and get paid fees from volume of transactions for keeping it running, it's a pretty neat concept and as far as I understand they're the only such solution that's live at the moment, similar solution (not live) would be tBTC and I am sure they'll be more in the future.
Thanks. I'll be following your articles here. You seem to know a lot and able to explain stuff.
Appreciate that, I write a weekly market musing, I look forward to having one more reader ;)