YIP 42: Add RenBTC to yVaults

No, there is not multisig. There is sMPC.
These 13x randomly geo-distributed (Greycore) nodes use sMPC to keep the key safe. Nodes are run by the team at the moment, expanding to others at the inception of Mainnet Zero. Sharding (the use of multiple private keys), also comes in the next phase.

All good bud we all do our part, as for how things should be done, I simply do the best I can and keep learning every day. :pray:

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This YIP # 42 has the most views of 2.7K …How can it end up NOT being approved?

I seriously think some of you guys should re-submit it! :slight_smile:

YIP42 only contained the first strategy from the proposed sequence of 4.
Rest assured, bitcoin is a target.

I understand your answer as:

So it was simply proposed now early on - to check whether or not it could go through asap (without the last 3 sequences having being included - yet)?

yes that is correct @AI_GUY

Okay - Thank you so much for your rapid response! I highly appreciate it! Keep up the amazing work! Cheers!

Proposal was rejected with 10.30% for, 89.69% against and 44.87% quorum.

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They will have to hack these 13 nodes where the key is split,

Only 5 nodes per Loong’s comments, and no, it only takes 1 insider threat.

I’m getting the feeling Maker is slow-walking on-boarding renBTC because centralized risk and transparency issues