If blockchain technology is to gain widespread adoption, interoperability between blockchains is a necessity.
We’ve seen bridges try and solve this issue, essentially sitting on a pool of different assets and offering their own guarantee that an asset can be bridged over to another chain.
However, bridges have been the target of several hacks this year, such as the $615m hack of Ronin, or the $320m hack of Wormhole.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.