GetChain News
中简 中繁 EN
GetChain News
Toggle sidebar

OKX Star Responds to THORChain: TSS + Validator Model Is Not True Decentralization

Source: x.com Event types: Security/Hacker
Odaily News: OKX Star posted on X in response to THORChain, stating that he does not believe THORChain's TSS + validator model represents true decentralization. THORChain's validators collectively control the underlying assets in the TSS vault, and funds can be moved once the signature threshold is reached. Therefore, from a custody perspective, it cannot be compared to the underlying consensus mechanisms of Bitcoin and Ethereum, but instead acts as an intermediary between users and native chains. "TSS distributes control among multiple participants, but decentralizing an intermediary does not eliminate the intermediary itself."Previously, discussions arose after some stolen Bitget funds were transferred through THORChain. THORChain responded that it is decentralized and permissionless, just like Bitcoin, Ethereum, and BNB Chain, and stated that if stolen funds were known to flow through Bitcoin, Ethereum, or BNB Chain, what responsibility should those networks bear?

Related projects