Descripto Space - What Motivates You to Play in Crypto?

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

I'm super excited to dump into this a well, because there's so much to cover. I studied chemical engineering and kind of had a winding path into crypto. In order for this stuff to take the next leap and be able to meet the needs of users, normal users, across the world, there need to be standardized communication particles between the intranet of our times,. which is each individual lay on watching.

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

----------- Sponsors -------------

CoinFLEX is the Home of Crypto Yield for passive capital and active traders to earn and trade crypto. Explore yields up to 100% APR with CoinFLEX's simple AMM+ product: https://coinflex.com/amm

----------- More Resources ---------

Guest

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

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

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

Blockcrunch

Blockcrunch VIP: https://www.theblockcrunch.com/vip

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

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

------------ Disclosures -------------

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.