At first I almost skipped the pre-signed transactions section. I thought to myself, simply: just sign a few transactions, it must be only a technical part.
Reading it carefully, I realized that before
$BTC was put into Trustless Bitcoin Vaults (TBV), every transaction that could happen later—withdrawal of BTC, liquidation, and other escape routes—had already been created and pre-signed.
I sat there staring at that part for quite a while. If that’s true, then once the vault is created, no one would be sitting down to write a new transaction later to get the BTC out. If you want the BTC to take which route, that route must already exist from the very beginning.
That’s when I finally understood why Babylon almost didn’t spend much time saying who holds the BTC. What they wanted to lock in right from the start was which paths the BTC is allowed to follow.
Only now do I see why BitVM3 is noteworthy—not because it’s new, but because it made me rethink the word “trustless.” Up to now, I kept thinking that “trustless” means you don’t need to trust the person holding the assets. But in TBV, it feels like trust is shifted to a set of transactions that were pre-signed from the start.
If, before clicking Sign, there were a diagram showing all the pre-signed transactions at once, then new people would immediately understand which routes of the BTC they’ve just locked—not just continuously confirming and moving on.
For me, bitVM3 is no longer about how many components it has. I only need to know that before the BTC is sent into the vault, the routes it’s allowed to take are essentially already decided from the start.
@BabylonLabs_io $BABY #baby #BABY
#Aavev4 #BTCFi