Cross-Chain Bridges Demand Better Security

December 29, 2022

Cross-Chain Bridges Demand Better SecurityAlgorand State Proofs: The Next Security FrontierAt A GlanceAlgorand State Proofs reduce the distance between blockchains, offering cross-chain bridges a safer alternative to vulnerable 3rd party validator networks. By exporting secure snapshots of Algorand activity, State Proofs bring Algorand to other blockchains without trusting any intermediaries. With roughly $2B stolen from blockchain bridges in the past year, there’s a large target on the smart contracts and validators that try to secure cross-chain liquidity. State Proofs are cryptographic proofs that securely export Algorand state. To learn more about how State Proofs work and how to incorporate them into your project, check out the technical overview.

The source of this news is from Algorand