
Bridges: Out of the Mess, Into the Meshnet (with LayerZero)
web3 with a16z crypto
Navigating the Risks of Blockchain Bridges
This chapter examines the vulnerabilities and risks of decentralized bridges that connect different blockchain networks, highlighting the security shortcomings that can lead to hacks and exploits. It discusses the evolution of interoperability solutions and critiques existing models while advocating for immutable smart contracts. Additionally, the chapter emphasizes the dangers of liquidity pools in DeFi, revealing the tension between transparency and the potential for financial loss due to smart contract vulnerabilities.
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