BOB Announces Fraud Proofs and TOOP in BitVM Bridge Testnet
A new post by BOB announces the next phase of its BitVM Bridge testnet, introducing fraud proofs for security and using Fairgate's Transfer of Ownership Protocol (TOOP) to reduce the need for operators to front capital. The upgrade will open-source the bridge code in Q4.
gobob.xyz/blog
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BOB BitVM Bridge Testnet Upgrade
In traditional BitVM2/3, the BitVM instances specify during setup which parties can receive the BTC - these recipients are the operators. Operators can only withdraw from a BitVM instance after sending users an equivalent amount of BTC (minus fees) from their own wallets. TOOP removes this requirement entirely.