Exploring Emergency Multisigs in BitVM-Based Bridges
BitVM-based bridges are evolving, but many may include emergency upgrade paths using multisigs. Janusz explores the implications for trust assumptions and transparency in this in-depth analysis.
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BitVM-based bridges and emergency upgrades
Well, BitVM-based bridges probably want the same guarantees. We want bridge operators to be bound by the rules of the specific BitVM set up. But what if something went wrong? What if there was an exploit in the system that could see an attacker take all of the money with no recourse or cause funds to be permanently frozen?