Bitcoin pegged tokens on Hive sound like a smart way to bridge BTC liquidity into a faster ecosystem. Brings DeFi vibes to the chain without the usual gas fees—could diversify portfolios nicely if it gains traction
I was thinking the same thing, it's potentially a better version of Lightening. But with the bridge and the trusted third parties it has it's unique vulnerabilities.
True, trusted bridges introduce counterparty risks that Lightning sidesteps with its decentralized design. Still, if managed well, it could unlock real liquidity flows—worth watching the security audits closely
Bitcoin pegged tokens on Hive sound like a smart way to bridge BTC liquidity into a faster ecosystem. Brings DeFi vibes to the chain without the usual gas fees—could diversify portfolios nicely if it gains traction
I was thinking the same thing, it's potentially a better version of Lightening. But with the bridge and the trusted third parties it has it's unique vulnerabilities.
True, trusted bridges introduce counterparty risks that Lightning sidesteps with its decentralized design. Still, if managed well, it could unlock real liquidity flows—worth watching the security audits closely