Home Blockchain Are Blockchain Bridges Secure? Why Bridges Are Targets of Hacks – CoinDesk

Are Blockchain Bridges Secure? Why Bridges Are Targets of Hacks – CoinDesk

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From a safety viewpoint, bridges will be labeled into two predominant teams: trusted (also called custodial) and trustless (noncustodial). Trusted platforms are primarily platforms that depend on third events to validate transactions whereas appearing as custodians of the bridged belongings. For instance, all wrapped bitcoin is held in custody by BitGo. Having one firm management all of an asset means it’s a single level of failure. If the corporate is corrupt, goes bankrupt or has different elementary issues, the crypto that it has in custody is in danger.

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