> TLDR someone needs to find a kickass off chain (L2 if you like) protocol that could 50x the usage of bitcoin using covenants, *without centralization *, then needs to write code and deploy it on say Liquid and signet. A Federated L2 could be interesting where the federation is not limited to Liquid where the federation is limited to regulated parties. Instead, what if we have a federation managed by a threshold signature that could grow to 50-100 parties to help execute state changes for coinpool. Such an federation is possible using a Schnorr Threshold Signature. I am building one for a mining pool, where the federation membership is backed by PoW. How such a federation can minimise trust without PoW is a question I am thinking about these days. Meanwhile - unashamed link share to my repo:

GitHub

GitHub - pool2win/frost-federation: Federation of nodes providing FROST threshold signatures to clients

Federation of nodes providing FROST threshold signatures to clients - GitHub - pool2win/frost-federation: Federation of nodes providing FROST thre...