Is It Better to Trust a Set of External Verifiers or Permissioned Cheers?

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In the current state of the market, do you think trusting externalverifiers is better or worse than trusting a set of permissioned chers? I mean, i guess i'm making that bet by putting skin in the game, right? Like, i'm building up the system that's doing the latter. Im i feel that giving somebody permissions over liveness failures is more, it lets me sleep better at night, than getting somebody permissions over safety failures. And so i'm much more biased towards a system that gives revocation permissions and says, hey, we're going to have financial controls by default.

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.