Topic: How Waves store deposited Bitcoins? (Read 277 times)
Waves DEX is what cryptocurrency exchange should be, no govt interference and all coins are safe.
Waves adds LiteCoin and Zcash.
That project continues to grow and it's a pleasure, i hope the ERC20 tokens will be a part of it soon.
Soon to 1.0 !
That project continues to grow and it's a pleasure, i hope the ERC20 tokens will be a part of it soon.
Soon to 1.0 !
Thanks, guys for you're reply.
So if I correctly understand the collateral of wBTC provides by Coinomat in centralised way. But all subsequent operations provides by Waves in waves blockchain?
So if I correctly understand the collateral of wBTC provides by Coinomat in centralised way. But all subsequent operations provides by Waves in waves blockchain?
All the available gateways are centralized (EUR, USD, BTC, ETH, etc).
Everything else is decentralized on the blockchain.
Thanks, guys for you're reply.
So if I correctly understand the collateral of wBTC provides by Coinomat in centralised way. But all subsequent operations provides by Waves in waves blockchain?
So if I correctly understand the collateral of wBTC provides by Coinomat in centralised way. But all subsequent operations provides by Waves in waves blockchain?
you could ask all your questions on their slack, they are really pro-active.
The Wakeswiki is really slow to put some good informations, but we work on that. We try to find more writers. So, if someone could help, go on Slack - Waveswiki
The Wakeswiki is really slow to put some good informations, but we work on that. We try to find more writers. So, if someone could help, go on Slack - Waveswiki
Once you deposit BTC, you receive wBTC, which are IOU tokens as the exchange is handled by a third party.
For Bitcoin, it's Coinomat.
Everything on the Waves network is decentralized (DEX, assets, etc) but the other blockchain's coins.
For Bitcoin, it's Coinomat.
Quote
1) So what the point of decentrolization Waves DEX?
As Blockchains can't be merged, you can't really store you BTC on a differant blockchain, Waves or an other, it's the same "issue".Everything on the Waves network is decentralized (DEX, assets, etc) but the other blockchain's coins.
Hi there
Actualy, while trying to deposit Bitcoins using Chrome Waves plugin, there only one option - is direct transfer BTC to some address.
1) So what the point of decentrolization Waves DEX?
2) Where stored deposited Bitcoins?
3) Who is the holder of private keys of funds sent during the deposit process?
Actualy, while trying to deposit Bitcoins using Chrome Waves plugin, there only one option - is direct transfer BTC to some address.
1) So what the point of decentrolization Waves DEX?
2) Where stored deposited Bitcoins?
3) Who is the holder of private keys of funds sent during the deposit process?
Jump to: