The concept of a programmable and private Bitcoin without synthetic wrappers sounds ideal for institutions. However, the critical question remains about the consensus mechanism of the sidechain and its level of decentralization. Historically, sidechains have been a vulnerability due to the security of their own validator sets. It'll be interesting to see how VerifiedX tackles the balance between speed, privacy, and security compared to L2 solutions like the Lightning Network or Stacks.
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