Yesterday renvm, a solution that allows for generic, decentralized and trustless interoperability between any blockchain, launches.
Incognito is part of the ren alliance and plans to integrate renvm
So I’m wondering how the team will do so. Some thoughts I had were:
Create a trustless bridge between the incognito chain and bitcoin without the need for collateralization, which has its own drawbacks
Allow for prv to be ttraded directly on kyber (a renvm partner) and other decentralized exchanges
Integrate with renvm to allow transactions to be completed privately via the renvm bridge, etc.
I saw a tweet from a team member asking whether renBTC and other assets could be added to incognito (which I thought was a bit strange because incognito is in the alliance)
I’m interested to see how the team is planning on using renvm to eliminate work (e.g. no reason to build their own btc bridge) and more.