Is Latency a Trade-Off?

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In optimistic verification, what you're saying is, we are going to wait a little bit of time in order to allow honest watchers to be able to fly fraud within the system. And so how greater security is achieved is yo basically say, hey, let us have some party be able to do forward permissioning. There is one party in the nomad system called the up data that can sign the state routes and send them from chana to chanb. If there was no optimistic window, this is, this is a one person, externally verified system.

Bridges are critical to a omni-chain future, but the recent bridge hacks totaling $1 billion lost in funds have struck fear in users and many are worried about the security of bridges.

Can Nomad's security-focused bridge be the answer? Founder Pranay shares with us:

Is there a difference between bridges and interoperability protocols?
What is the interoperability trilemma?
What are the different types of bridges available
Why is Nomad potentially the safest?

Host: Jason Choi @mrjasonchoi . Not financial advice.

------------ Timestamps -------------

(00:00:00) – Introduction

(00:01:38) – Pranay's Background

(00:03:58) – 3 Overarching Types Of Interoperability Protocols

(00:11:12) – Bridges vs Interoperability Protocols

(00:19:03) – Recent Bridge Exploits

(00:27:11) – Nomad's Optimistically Verified System

(00:30:28) – Nomad's Latency Trade-Off For Security

(00:39:29) – Current State Of Bridges And Competition

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Guest

Pranay's Twitter: https://twitter.com/pranaymohan

Nomad's Twitter:https://twitter.com/nomadxyz_

Nomad's Website:https://www.nomad.xyz/

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Blockcrunch Twitter: https://twitter.com/theBlockcrunch

Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

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Disclaimer: The Blockcrunch Podcast is an educational podcast and newsletter for informational purposes only. The host invest in cryptoassets actively and may hold assets discussed in the newsletter or podcast. All content contained within this podcast is intended for educational purposes only and should not be construed as any form of financial advice. The Blockcrunch Podcast, its associates and affiliates are not liable for any decisions third parties choose to make.