- The "browser wallets" are a terrible choice, they are all browser extensions that are not safe at all to install on your browser. The project should support regular desktop wallets such as Electrum.
I think it is really safer if they at least have their own wallet makers per user. Yet, the trading platform[1] also states that they only run in alpha version, so we should expect a constant upgrade soon, and hopefully they would take the suggestions in this thread a consideration to those upgrades.
Will Bitcoin be traded or some tokens like WBTC? If we were talking about WBTC, that is a bad news.
If you can build on the second layer of Bitcoin, then I believe that the contract must be closed and then trust in the second party (not the Bitcoin network,) in general if you can, why not be a gateway to most altcoins and not ETH.
I also did not like the design of the site, as it is closer to magazines and not trading platforms.
If you can build on the second layer of Bitcoin, then I believe that the contract must be closed and then trust in the second party (not the Bitcoin network,) in general if you can, why not be a gateway to most altcoins and not ETH.
I also did not like the design of the site, as it is closer to magazines and not trading platforms.
Indeed. I think they haven't really done a successful DeFi-ed Bitcoin bridge and might end up only be using WBTC. And yes, their overall design doesn't really fit to what they wanted to portray on the users. My first thought was it is a comic book website or morelikely to be an art platform. Hopefully, they fix everything well according to their main purpose and idea.
I have the slight impression, I may be wrong, that there is a big misunderstanding here with the "WBTC" token. Just to let the subject clear:
NO NO NO.... We have not ANY TOKEN "WBTC" in Sovryn (or in RSK);
The system does not use WBTC (wrapped BTC). It is not centralised!
Sovryn is the original sidechain vision for Bitcoin. Merge-mined security with a 2-way Bitcoin peg.
The peg is a method of transacting withBTC off-chain, like the lightening network.