These two tweets made me think a bit, hoping to hear a bit more from the community and team on their thoughts around this.
Later when renVM supports smart contracts, should it not be possible for projects to use the sMPC tech of renVM to host DAO’s where no individuals need to hold any private keys but the DAO body does instead?
Also how big can the set of m-of-n sigs be? is it possible to support thousands of signers or is there a limit to it?
When protocols would like to use the sMPC tech of renVM for various purposes but not necessarily to move tokens between chains, is there any way for them to “pay” for those API calls? Since no token is being locked and fees can be taken from that, can they just pay renVM to use its tech? This would boost the node revenues beyond just interop functionalities.
This question kinda also relates to my other post about NFT’s here, renVM supporting NFT assets , will there be functionality to pay for usage of renVM with REN, DAI, renBTC or any other token?