Express

BTC Goes Live On REN Raising Questions About Centralization

Emily Mason

Summary: BTC went live on the Ethereum blockchain, REN, last week, according to reporting by ambcrypto.com. Recent data has shown that there is more Bitcoin in circulation on ETH blockchain than on Bitcoin's own Lightning Network, ambcrypto.com pointed out.  CTO and Co-Founder of Ren said in a recent podcast that he hopes for the Ethereum blockchain ...

BTC went live on the Ethereum blockchain, REN, last week, according to reporting by ambcrypto.com.

Recent data has shown that there is more Bitcoin in circulation on ETH blockchain than on Bitcoin's own Lightning Network, ambcrypto.com pointed out. 

CTO and Co-Founder of Ren said in a recent podcast that he hopes for the Ethereum blockchain to become a place where users can trade any cryptocurrency they like, rather than, for example, only trading Bitcoin on the bitcoin blockchain.

The goal seems like it could contradict with the crypto industry's focus on decentralization.

By Emily Mason

Last Update:

Tags: ,,,
Link: BTC Goes Live On REN Raising Questions About Centralization   [Copy]
Next:

Related Articles

  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago
  • Can a $300M RWA Fund Save Avalanche's TVL? 12 days ago

    • You need to login to comment.