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Author Topic: Vitalik Buterin gives thumbs down to cross-chain applications  (Read 708 times)

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Vitalik Buterin gives thumbs down to cross-chain applications
« on: January 08, 2022, 02:26:10 PM »
Ethereum's co-founder cites "fundamental security limits of bridges" as the key reason for his disapproval.

In a Reddit post on Friday, Vitalik Buterin, the co-founder of Ethereum (ETH), outlined critical security concerns surrounding cross-chain bridges in the blockchain ecosystem. As told by Buterin, storing native assets directly-chain (Ethereum on Ethereum, Solana on Solana, etc.) provides a certain degree of immunity against 51% attacks. Even if hackers manage to censor or reverse transactions, they cannot propose blocks to take away one's crypto.
https://cointelegraph.com/news/vitalik-buterin-gives-thumbs-down-to-cross-chain-applications

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Vitalik Buterin gives thumbs down to cross-chain applications
« on: January 08, 2022, 02:26:10 PM »

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