Bankless The Great L2 Migration | Cross-Chain L2 Panel
Jan 13, 2022
In a lively discussion, Ben Jones from Optimism, Hart Lambur of UMA, Arjun Bhuptani from Connext, Chris Whinfrey of Hop Protocol, and Vaibhav Chellani of MOVR dive into the exciting world of Layer 2 scaling solutions. They explore the essential role of cross-chain bridges in enhancing cryptocurrency interoperability. The panel highlights innovative bridging mechanisms and the importance of user education on trust models. They discuss the anticipated migration to Layer 2 and its impact on the DeFi landscape, emphasizing the future of blockchain ecosystems.
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What is a Bridge?
- Bridging involves sending authenticated information between chains, often assets.
- This communication includes details like sender, recipient, asset type, and amount.
Bridge Properties
- Different bridge designs offer varying security and cost trade-offs.
- Understanding these properties is crucial for users.
Across Protocol's Focus
- Across Protocol, built by Risk Labs, focuses on fast L2 to L1 withdrawals using an optimistic oracle.
- This approach prioritizes speed, security, and capital efficiency.