๐ค๏ธ Road to Decentralization
Coffer Network is progressively decentralizing core protocol functions to ensure long-term trust, resilience, and censorship resistance. Key areas of focus include:
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Slash Execution Moving the slashing logic from centralized operators to a decentralized, community-governed mechanism.
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Minting & Burning of CoBTC on EVM Chains Transitioning CoBTC issuance and redemption to fully trustless, on-chain processes governed by smart contracts and multi-sig consensus.
๐ก๏ธ The End Goal
To establish a fully decentralized network responsible for managing and securing CoBTC staking accounts, eliminating reliance on any single party and aligning the protocol with Bitcoinโs foundational principles of self-sovereignty and openness.