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RE: Atomic Swaps with Hive Core Integration

in Hive Improvement • 4 years ago

For instance, a user could swap their Hive for wHIVE on the Ethereum blockchain and then interact with Ethereum smart contracts.

Does this mean "wHive" will be token on Ethereum that will be backed by Hive?
How secure will "wHive" will be?

4 years ago in Hive Improvement by
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     4 years ago  

    I think @fbslo is going to be handling most of that. He has some work done already. I will be focusing on the Hive integration part

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       4 years ago  

      Yes, wHIVE ERC20 tokens will be backed by HIVE. Alpha version (probably coming on Monday) will be centralized, so it will not as secure as coins like WETH that are fully managed by a smart contract, but more like SWAP.HIVE.

      I have written a post about options to decentralize WHIVE (https://hive.blog/hive/@fbslo/decentralization-of-wrapped-hive-discussion).

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