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Bringing BTC Over to Ethereum?
The main thing moving forward is going to be maintaining the SPDC peg out, right? So instead of relying on a federation, what you're saying is these people are putting up capital, and they have BTC rewards at stake. If they don't behave properly, first their rewards would be cut off, next their capital would basically just stay locked there until they can properly sign the peg out. It's how a lot of Ethereum or other cross-train bridges work with those economic- BTC security guarantees.