SWAP.BTC is the Hive Engine equivalent of BTC. If someone sends BTC from a Bitcoin wallet to his/her Hive acct, that BTC is turned into SWAP.BTC. This, and other SWAP.* coins exist to facilitate deposits to & withdrawals from a Hive acct.
It could be that way, but I son't understand what a VSC-style bridge is. For me, I just provided the requested wallet address and executed the transfer to Hive Engine. You may be correct, but I don't understand enough to confirm for you.
SWAP.BTC is a centralized asset listed on hive engine. It's fully custodial and has since faced major outages in the past making it an unviable option for many users and projects.
SWAP.BTC is the Hive Engine equivalent of BTC. If someone sends BTC from a Bitcoin wallet to his/her Hive acct, that BTC is turned into SWAP.BTC. This, and other SWAP.* coins exist to facilitate deposits to & withdrawals from a Hive acct.
Interesting, so sort of like a VSC-style bridge?
It could be that way, but I son't understand what a VSC-style bridge is. For me, I just provided the requested wallet address and executed the transfer to Hive Engine. You may be correct, but I don't understand enough to confirm for you.
SWAP.BTC is a centralized asset listed on hive engine. It's fully custodial and has since faced major outages in the past making it an unviable option for many users and projects.
Interesting, good to know!