Coin Flex - A New Product Launched by Coin Flex

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Coin flex is an exchange that's been around for a while. They're doing one point five billion dollars in daily trading volume right now. Lias: Despite the security flaws in externally verified systems, they are still, by far, yoy know, the most high volume bridges. We need to move to systems where users are just able to focus on what they care about and not worry so much about how it will be secured.

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.