@StopAndDecrypt For the BTC, it's a multi-sig wallet managed by BitGo, usually that means a SSS-split between various BitGo members (don't quote me). The issuing contract (minter) on the Ethereum side is formed as a DAO by a number of constituents which you can look up at https://t.co/AcCaYFRtmC
RT @FollowTheChain: Q1/2019 prediction:
$WBTC🍬 supply will quickly outpace that of:
- LN⚡️(500 BTC),
- Rootstock🌱(250 BTC) and
- Liquid💧(25 BTC)
Open Finance on Ethereum is the amusement park 🎡🎢that was promised to your BTC.
WBTC is the ticket. 🎟️ #DeFi
Bitcoin has 3 major components: monetary policy (hard money), current token distribution (UTXO set), & network (nodes & miners). WBTC unbundles these, making the Ethereum network the aggregator & further increasing its value.
" Important decisions pertaining to the initiative, including smart contract upgrades, and additions of new merchants and custodians will be decided as a collective of trusted projects through a DAO. The addition of new minters, custodians, and DAO members as well as the removal of the existing ones will happen via a transparent voting process in the DAO. The application to join is **open for all.** " - [https://blog.kyber.network/wbtc-a-community-effort-to-bring-bitcoin-to-ethereum-b9b63e3b86e6](https://blog.kyber.network/wbtc-a-community-effort-to-bring-bitcoin-to-ethereum-b9b63e3b86e6)