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Arbitrator Network

The Arbitrator Network is a crucial component of BeL2 that helps ensure the system's security and efficiency.

Key Features:

  • Decentralized: Network of independent nodes
  • Collateralized: Nodes must stake assets (BTC, restaked BTC, ETH LRT, or ELA) to participate
  • Consensus-driven: Uses a consensus mechanism to validate cross-chain operations

How it Works:

  1. Arbitrators monitor Bitcoin transactions and BeL2 operations
  2. They participate in validating cross-chain transactions and proofs
  3. Arbitrators reach consensus on the validity of operations
  4. They help facilitate time-based execution of smart contracts involving Bitcoin

Why it's Important:

  • Adds an extra layer of security to cross-chain operations
  • Enables time-sensitive operations involving Bitcoin
  • Creates economic incentives for maintaining the BeL2 network