Cross-chain technology is an essential aspect of blockchain development because it addresses one of the fundamental challenges in the space: the isolation and fragmentation of various networks. A lot of progress has been made. However, the interoperability design space is extremely complex, which makes it easy for misconceptions and half-truths
People often casually use the word trustless. It lines up with the principles of decentralization and sounds good on crypto Twitter, but it rarely gets defined or quantified. And it’s important to note that the difference between “trusted” and “trustless” interoperability solutions is not binary. Instead, many cross-chain protocols
Cross-chain bridges are amongst the most targeted applications in crypto, as they inevitably represent a decentralization bottleneck compared to the chains they connect.
Secure MPC represents a powerful next step in digital asset security because it eliminates the risks of a single point of compromise.