Federated Sidechains: $8M in BTC Stuck in Limbo, Analyst Says Action 'Violates Liquid's Security Model'
news.bitcoin.com
by Jamie Redman
June 28th, 2020
Excerpt:
Liquid, the sidechain network developed by the company Blockstream, saw 870 bitcoins ($8 million) frozen in moderation queue due to a seizure from a number of the network’s functionaries. The founder of the Summa project, James Prestwich, explained on Twitter that the emergency 2-of-3 controlled 870 bitcoin “violates Liquid’s security model.”
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Read entire article: https://news.bitcoin.com/federated-sidechains-8m-in-btc-stuck-in-limbo-analyst-says-action-violates-liquids-security-model/
About the author: https://news.bitcoin.com/author/jamieredman/
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