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RE: Core dev meeting #52

in #corelast year

So you can't escrow 2nd layer tokens

Creating this token at 1st layer would slow the chain?
Too much data to be tracked?

it's just a different group of people running different software.

It is possible that a malicious update could be successful?
At least for the amount of time it takes to revert the changes?
Keychain would be my example.
I couldn't defend against a malicious update absent the social aspect of hive tipping me off to delete the app.

So the "trustworthiness" of a specific 2nd layer protocol just depends on how that protocol is designed.

So with open source distributed nodes keeping everybody honest a 2nd layer is just as secure as hive?

How are you envisioning the functioning of 'bonds'?
A '2nd layer' gui that manages 'bond tokens' according to the contract at the time of escrow?
ie, I stake hbd for a set period of time and receive interest, to liquidate the position I send the token to a 2nd layer contract that executes according to its parameters?