When we send it to Incognito or Shield it, where is the Monero or Eth we sent actually stored? Is any in Cold storage vs hot?
[Solved] Where is our crypto stored?
Hey @sop.
For ETH/ERC-20 its stored within a bond smart contract. For XMR, BTC, BNB, etc. it is currently stored in a hot wallet, sends and receives constantly.
Here are some details about ongoing work towards a trustless bridge for currencies without smart contacts: Incognito's trustless bridge V3 with Ethereum bond contract
Hope that helped.
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