TOOP: Trustless Bitcoin Asset Transfers via BitVMX
Ariel Futoransky, from Fairgate, introduced the Transfer of Ownership Protocol (TOOP), a BitVMX-based design enabling trustless Bitcoin-native asset transfers across blockchains without centralized custody or pre-registered recipients
fairgate.io/blog
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Introducing the Transfer of Ownership Protocol
TOOP is a key step in bringing true ownership to cross-chain transfers. Most Bitcoin bridges today rely on semi-custodial models, fronting mechanisms, or predefined parameters that reduce flexibility and trustlessness. TOOP flips that model.