ICS20Transfer
, ICS26Router
, IBCERC20
and Escrow
contractsTimelockController
contract with a minimum
delay of three days. The delay gives an opportunity for the Cosmos Hub to halt inbound / outbound transfers in case of a malicious action taken by the Security Council.
The security council is composed of individuals associated with well-respected and trusted entities in the Ethereum and Cosmos communities:
TimelockController
to be longer than the time it takes to pass a governance proposal on the Cosmos Hub.
This means that the security council will be much closer to becoming obsolete, while allowing the Cosmos Hub to override actions taken by the security council.