In 2023 may be the year of the modular blockchains
Join Our Telegram channel to stay up to date on breaking news coverage Over the past ten years, the public block chain industry has grown from a few million dollars to a $1 trillion market. The space hasn’t yet succeeded in creating a decentralized, safe, interoperable solution, though. Consider switching from Ethereum to Bitcoin, the biggest blockchain network. Centralized exchanges have traditionally been among the few secure, workable options for switching from one chain to another. Via Wrapped Bitcoin, BitGo, a centralized solution provider, offers the biggest pool of liquidity for Ethereum users to access Bitcoin (WBTC). More than 93.6% of the Bitcoin crossed to Ethereum is represented by the BitGo IOU. To exchange BTC and WBTC, users must use BitGo partner services like centralized exchanges or CoinList. WBTC is clearly vulnerable to centralization and regulatory issues because to its dominance. With the demise of FTX, Alameda Research’s platform RenBTC was s...