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:
- Arbitrators monitor Bitcoin transactions and BeL2 operations
- They participate in validating cross-chain transactions and proofs
- Arbitrators reach consensus on the validity of operations
- 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