Post by: newshunter on July 25, 2023, 07:00:27 PM
The two protocols will implement a standard for issuers to control the “canonical” minting of tokens, helping to reduce losses from unofficial bridges.
Source: Connext, Alchemix launch cross-chain token standard to reduce bridge exploit losses (https://cointelegraph.com/news/connext-alchemix-cross-chain-token-standard-reduce-bridge-exploit-losses)
Would appreciate your opinion about this