RE: Bitcoin Transfers Tested On VSC

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I really wonder how it is supposed to work on technical level, especially parts related to decentralization. Because there already is a network that offers wrapping of tokens of any kind (including fiat) and we have access to that network from Hive (through xbtsio bridge). That network is BitShares. And that network has a rich history of bridge failures. So I'd like to see what is VSC doing differently that is going to make those failure scenarios unlikely/not possible.
On an unrelated note BitShares is soon being dropped from Binance exchange, which cut its already suppressed price in half.

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The VSC bridging technology uses L1 chain proofs from Bitcoin and collateralization to protect assets. The chain proofs have Layer One security of Bitcoin to prove or disprove activity on the Bitcoin mainnet. The collateralization is used as punish for nodes misbehaving. The combination of both allows us to decentralize wrapping to hundreds of wrapping providers without being insecure and ensuring no funds are lost.

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I've started to listen to recent AMA, maybe I'll get some details from there, as I'm not confident enough in my ability to read it directly from TypeScript sources and the link to docs on the bottom of website lead me to "Docusaurus Tutorial" 😜

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