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Add a section explaining the risks involved with f-sidechains for users

Open wojake opened this issue 3 years ago • 0 comments

https://xrpl.org/federated-sidechains.html: Considering the amount of risks involved with federated sidechains for users:

  • scams
  • compromised federators
  • bugs:hacks
  • centralized sidechains

I suggest there should be a section in the documentation explaining the risks involved with federated sidechains for XRPL users.

Since a sidechain's door account is being handled by its federators (in a sense: custodians), it's not entirely trustless in my understanding. There's currently an amendment that increases the multisig list from 8 to 32, this would reduce these risks but the risk should still be laid out to users.

wojake avatar Apr 24 '22 16:04 wojake