Liquid Network: Security audit of Elements v23.3.4 underway, advancing recovery of Peg-out operations

BlockBeats news, September 29, according to an official announcement, the independent external security audit of Elements v23.3.4 for the Bitcoin sidechain Liquid Network developed by Blockstream has been initiated, aiming to provide additional security verification for the resumption of Peg-out (asset exit peg) operations.

Meanwhile, the Liquid Federation is coordinating the update of the PAK (Peg-out Authorization Key) list, including replacing existing key entries and ensuring that all Peg-out keys are securely stored in cold wallets.

The official statement indicated that the above work is an important step in resuming secure Peg-out operations, and further progress on the resumption will be announced subsequently.