4min chapter

Crypto Critics' Corner cover image

Oh, a thing called Wormhole ate $320,000,000? Are you surprised?

Crypto Critics' Corner

CHAPTER

Is Cross Chain the Future of Cryptocurrency?

There is a big swath of the community that believe cross chain is the future of crypto currency, of decentralized finance. This was not a bridge specific hack, and it's the type of smart contract bug that a variety of smart contracts could have. The very process of designing a bridge is a process that, like designing any complex piece of software, it is extraordinarily difficult to do without bugs. And so well, this was a smart contract bug, which could have occurred in non bridge things. I find most of the cross chain arguments pretty unconvincing, but i'm pretty sceptical.

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