@ribeiroo_la @YanguVC @ErikVoorhees@THORChain Keygen:
Nodes churned in create new Asgard (in-bound) vaults with TSS.
Advantage over multi-sig:
Each node owns a "share" of the privkey - no centralised pt of failure as in multisig.
Signing txn:
Each node to produces a valid sig, requiring 2/3 consensus
@ribeiroo_la @SopSok @YanguVC @ErikVoorhees@THORChain to mitigate this, nodes are churned every 3 days.
currently on each churn, it pulls 5 nodes in while retiring existing 3 nodes (lowest/oldest bond, most slash points).
the network does not stagnate to avoid capture.
1/14
The main narratives for @THORChain have mainly been:
- need for real decentralised exchanges
- true DeFi for BTC + other long-tailed assets
- non-custodial, agnostic participation
While the above are true and proven to have worked, $RUNE has a much larger value capture
I am sponsoring $100k USDC to anyone who can get #Decred listed on #Thorchain
I can provide $DCR liquidity for that effort, and i'm sure many others in the decred community would as well.
DM me if interested!