The two #companies sought to improve their blockchains with each other’s tech, from cross-chain #bridges to decentralized exchanges to oracle networks.

Top 10: World’s longest bridges

#world #bridges #tech

 Known as cross-chain #bridges or token bridges, these protocols lock users’ deposited tokens from one chain into a contract, then issue the #equivalent amount of assets to the same user in the receiving network.

#Bridges are an #attractive target for hackers because the smart contracts in effect become huge

Here are the four #protocols considered, along with a brief #explanation of how they try to secure their #bridges.

To get around this problem, #bridges lock #coins on one network and mint copies of them on another.

Blockchain #bridges enable two or more #blockchains to share data with each other, such as #cryptocurrency.

After these multisig #bridges were hacked, developers started turning to more sophisticated protocols like #Celer, #LayerZero and #Wormhole, which claimed to be more secure.

But attackers figured out how to circumvent these systems and withdrew millions of #dollars worth of #crypto, leaving users of these #bridges with unbacked #tokens.

Developers face #tradeoffs between making #bridges upgradeable to #fix bugs versus making them decentralized.

#DeFi security: How trustless #bridges can help protect users

Road transport and #bridges minister Obaidul Quader on Thursday #inaugurated the bus service of Nagar Paribahan in Mohammadpur in the afternoon.

Road transport and #bridges minister Obaidul Quader on Thursday #inaugurated the bus service of Nagar Paribahan in Mohammadpur in the afternoon.

#Quader, also road transport and #bridges minister, made the remark while addressing a rally organised by Dhaka city south

#Quader, also road transport and #bridges minister, made the remark while addressing a rally organised by Dhaka city south

#Quader, also road transport and #bridges minister, made the remark while addressing a rally organised by Dhaka city south

#NESCO, Oberoi Mall to have direct access to nearest #stations via foot over #bridges

There are obviously #exceptions to the rule. At most, good #bridges can decrease risks, but the baseline stays the same.

RRR stars Jr NTR and Ram Charan talk about their real-life bond, SSS Rajamouli’s #discussions of a sequel, and building #bridges between the world’s film industries.

In particular, CertiK noted the likelihood of “further attempts from hackers targeting #bridges in 2023” citing the historically high returns from #attacks in 2022.

Additionally, a significant amount of #projects are now exploring the use of cross-chain #bridges.

Integrating #Decentralized Cross-Chain Communication Makes #Bridges 'Substantially Safer' — Flare CEO

An 8-km elevated road, 3 ‘finger #bridges’ to ghats: UP govt comes up with plan to #transform Ganga riverfront