RSKIP-264: Simplified Emergency Time-locks Refresh

bguiz · August 25, 2021, 3:35am

Discussions for RSKIP-264, proposed by @SergioDemianLerner

rsksmart/RSKIPs/blob/master/IPs/RSKIP264.md

# Simplified Emergency Time-locks Refresh


|RSKIP          | 264 |
| :------------ |:-------------|
|**Title**      |Simplified Emergency Time-locks Refresh|
|**Created**    |AUG-2021 |
|**Author**     | SDL |
|**Purpose**    |Sec |
|**Layer**      |Core |
|**Complexity** |2 |
|**Status**     |Draft |

#  **Abstract**

The time-locked emergency multisignature introduced in RSKIP201 requires that Powpeg UTXOs are periodically spent in order to prevent the time-lock expiration. 

This RSKIP proposes a mechanism for the Bridge to refresh the time-locks of UTXOs. The proposed mechanism is simple and efficient if the Bridge already has a protocol to periodically consolidate the UTXOs into a small set.

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Note that this is related to the prior RSKIP-207

Topic		Replies	Views
RSKIP-207: Emergency Time-locks Refresh RSK-BTC Bridge Features and Security	1	807	August 18, 2021
RSKIP-X: Expanding the emergency multisig RSKIP	3	1038	August 19, 2021
RSKIP-291: Network Upgrade Hop (Initial Proposal) RSKIP	4	892	June 22, 2022
Community Call July/August 2021	9	3484	August 25, 2021
Question about RSKIP-201 RSKIP	2	616	June 22, 2021

RSKIP-264: Simplified Emergency Time-locks Refresh

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