TheBlock
2020-09-02 20:56:16

Ren’s core team holds the keys to nearly $160M in bitcoin in a single wallet. The team says that’s part of its decentralization roadmap

Quick TakeCross-chain token transfer protocol RenVM has garnered criticism from the crypto community after a report from competing protocol Wanchain found it is storing all user funds in a single wallet controlled by Ren’s core teamThe Ren team has defended its operations, saying it is working towards decentralization in phases to reduce security risks and allow the team to quickly counter threats of an attack

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer