The VSC bridging technology uses L1 chain proofs from Bitcoin and collateralization to protect assets. The chain proofs have Layer One security of Bitcoin to prove or disprove activity on the Bitcoin mainnet. The collateralization is used as punish for nodes misbehaving. The combination of both allows us to decentralize wrapping to hundreds of wrapping providers without being insecure and ensuring no funds are lost.
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Stated better than I could have. LOL
I've started to listen to recent AMA, maybe I'll get some details from there, as I'm not confident enough in my ability to read it directly from TypeScript sources and the link to docs on the bottom of website lead me to "Docusaurus Tutorial" 😜