3 ms·
Use of WBTC requires you to trust an intermediary to hold your BTC, not exactly the same as native BTC smart contracts.
by xur17 6y ago
Use of WBTC requires you to trust an intermediary to hold your BTC, not exactly the same as native BTC smart contracts.
- everfree 6y agoNative smart contracts would be cool, but Stacks is not native smart contracts. It's a separate blockchain that integrates with the Bitcoin blockchain. In other words, you are trusting the Stacks blockchain to custody your bitcoins, just like with TBTC or RENBTC or any of the other decentralized Bitcoin bridges. From their site: > Like Bitcoin, Stacks is a layer-1 blockchain. Proof of Transfer connects it to Bitcoin with a 1:1 block ratio.