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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

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