RE: The First wHIVE Was Just Minted on the ETH Blockchain
I wouldn't go for wHIVE tbh... wBTC works because BitGo works as a custodial for all the BTCs, which is dangerous, imagine if they get hacked or attacked by an authoritarian government... wHIVE is probably going to work the same way, with a custodial, and you know what they say "Not your keys, not your crypto".
I think the right solution would have been renHIVE, REN works with Multi Party Computation and dark pools where nodes don't need to know the key to use the keys, this makes it so, REN is much more trustless and permissionless than the wrapped tokens... Many inside the Etherian community are starting to see this and many are changing from wBTC to renBTC, so we should be one step ahead.
But it's a step in the right direction I guess... If the devs read this, look into REN, RenVM and renBTC, much more trustless and permissionless and I bet their team would be okey with helping to connect both ecosystems.
Posted Using LeoFinance