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A comment on Ethereum 2.0 launches. Parent comment

Re:Ethereum 2.0 launches by konschubert on Tuesday December 01, 2020 @03:44PM (#25269645)
Interesting! How are they wrapped? Do ppl trade bitcoin on ethereum without actually using the bitcoin blockchain?
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Re:Ethereum 2.0 launches by theocs on Tuesday December 01, 2020 @03:59PM (#25269826)
They trade a token, sometimes called a stablecoin, that represent BTC as its underlying value.

Primarily two extremes for how this is done: Centralized, like WBTC (https://coinlist.co/help/what-is-wrapped-bitcoin-wbtc), and decentralized, like tBTC (https://defirate.com/tbtc/)

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Re:Ethereum 2.0 launches by codehalo on Tuesday December 01, 2020 @04:25PM (#25270114)
Besides the extremes, there's the pragmatic in the middle - interoperability in general. RenVM supports Bitcoin and many other coins on multiple hosts, not just Ethereum (eg. Polkadot):

https://renproject.io

https://mainnet.renproject.io

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Re:Ethereum 2.0 launches by xur17 on Tuesday December 01, 2020 @09:04PM (#25272475)
I'm not convinced RenVM is really in the middle in its current state. Currently the core team holds all of the keys for the over $300M in Bitcoin stored by their project [0]. I'd take wbtc, which is held by a consortium of well known custodians in the space over that any day.

[0] https://www.theblockcrypto.com/daily/76787/ren-bitcoin-walle...

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