Size of the multisig

There is a tradeoff on the size of the multisigs. One could imagine one single multisig of 1000 participants. The signing of these 1000 signatures will take a non- trivial amount of time, and possible coordination issues could arise. Moreover, if malicious actors gain control of a 2/3rd majority, they immediately have access to the full amount of capital locked in the Spiderchain. By splitting the collateral into multiple smaller multisigs, the capital at risk is lowered. However, if the multisig size is too small, security to protect against malicious adversaries can be lost and accidental crashes or key losses can lead to lost bitcoin. Botanix has found the multisig size of 100 random participants to be optimal.

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