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Reserve Protocol Reserve Protocol
Burak-

Who are the third parties ensuring the token transfers. These

parties are chosen by the reserve team. How does this make reserve a decentralised protocol?

#cryptocurrency #english #reserve
0

1 ответов

11 просмотров
Sinatra-

The large majority of Reserve and its activities currently is very much centralized. The transactions themselves within the Reserve app also get settled off-chain (in a centralized database similar to how a crypto exchanges work). This last part will change somewhere next year when we allow self-custody & on-chain transactions on an Ethereum L2. The liquidity providers are indeed selected by Reserve at this point, so very much centralized there too, and I'm pretty sure this will stay this way in the near future. All the rest of the protocol activities (the dApp, the stablecoins, etc) are fully working in a decentralized way and managed by a DAO (once mainnet launches). But you're definitely right that a large part of Reserve is currently centralized.

0
30.11.2021

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