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May 27, 2020, 09:24:18 PM |
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Bitcoin is a peer-to-peer electronic cash system, what I mean is a Bitcoin owner who has private key which can access to these BTCs is also the owner of own his/him personal bank; therefore the idea of a Bitcoin, Bitcoin Cash or Zcash created on the Ethereum network is nothing more than rubbish. The DeFi based on Bitcoin excites me (Bitcoin isn't ready for this atm.), yet I think that a decentralized finance based on Ethereum/or other coins will be inadequate both in terms of infrastructure and decentralization. I do not support any of 1:1 ensured BTCs on different blockchain such as; RenBTC, tBTC or wBTC.
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