Post
Topic
Board Altcoin Discussion
Re: Blockchain Communication ( Bridges )
by
chenille
on 26/05/2022, 17:21:23 UTC
I agree, Bridges linking 2 Blockchains are still very unsafe and can hardly be considered as decentralized because obviously no verified approach was invented. At least for now.
Sending our coins over a Bridge can result in a loss of coins because it's just not a proven strategy.

Each Blockchain is using a different tech for native coins and Bridges are just a merely centralized service offered for conversion.

Some Bridges can also be target of hackers and scammers stealing our coins.
Hacks have already happened: https://www.wired.com/story/blockchain-network-bridge-hacks/
It's extremely risky.

Your advice is very real because we should keep our coins safe and don't engage in unproven transfers over different unproven Bridges.  Smiley