Overview

Security of Staked assets

Native BTC's security stems from the Bitcoin network's robust proof-of-work consensus, extensive node distribution, and cryptographic encryption. These elements work in concert to secure transactions and protect against double-spending and network attacks.

Wrapped Bitcoin (wBTC) is secured through a trust model involving custodians who hold the actual BTC and issue wBTC on other blockchains. A DAO oversees the process and is transparently verifiable through smart contracts, maintaining a 1:1 peg to Bitcoin.

Security of Protocol's Architecture

The security of the staking protocol's architecture is ensured by implementing multiple layers of checks and balances, including slashing mechanisms for misbehaviour, reward systems for network participation, and GuardRails Manager for enforcing security policies.

Operators are secured by staking collateral, which incentivizes honest behaviour. The protocol includes monitoring and slashing mechanisms to deter malicious activities, thus maintaining the network's integrity and the security of its operations.

Stakers' security is a priority, with smart contracts managing the staking process to minimize trust and custody risks. Collateral and rewards are protected against unauthorized access, and clear protocols for slashing and governance are in place to safeguard staked assets.

Bitcoin Protected Services (BPS) are secured through the protocol's economic staking and validation mechanisms. By tying security to economic incentives, BPS ensures that services are validated by trustworthy operators, enhancing the overall security of provided services.