This is based on a permissioned threshold network, so as long as there are never a threshold number of nodes that are malicious and as long as there is a threshold number of nodes that continue to operate, the network's liveness and security is guaranteed. Using Bitcoin as a cryptographic reference clock has been proposed in the past, but the good way of doing it is relying also on SNARKs and isn't really that practical from what I can tell: https://link.springer.com/content/pdf/10.1007/s10623-018-046...