Cross chain bridge development (3)

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Build a cross chain bridge

• Blockchainx

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• Cross chain bridges so vulnerable?
• On the one hand, they are off-chain solutions
  that do not benefit from the inherent security
  and decentralization of the blockchain ledger.
  Bridges are solutions that connect different
  blockchain networks and perform complicated
  operations to facilitate cross-chain bridge
  asset exchanges. When it comes to multi-chain
  bridging, the complexity of the infrastructure
  increases with each added blockchain network,
  increasing the chance of a code bug or smart
  contract vulnerability occurring.

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• Bitcoin holders looking to interact with
  Ethereum-native DeFi applications must trust a
  central entity with control and ownership of
  their private keys, which defeats the spirit of
  decentralized finance beyond making their assets
  digital are more vulnerable. Users must also
  trust that the central custodians will keep their
  word and send them their wrapped assets once the
  original assets have been deposited.
• Centralized bridges also rely on fewer validating
  nodes or often a single entity, making these
  protocols even more corruptible Build a token
  bridge.This also makes custodial bridges
  vulnerable to social engineering schemes and
  human error, which is part of what led to Axie
  Infinity. Ronin Bridge being hacked for 600
  million .

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• Future blockchain bridges will also eliminate
  central custodians, who jeopardize user funds by
  keeping them in a single off-chain storage
  solution, which is a prime target for hackers.
  Furthermore, the blockchain bridges of tomorrow
  will likely eliminate the complex locking and
  minting mechanism employed by most existing
  solutions.
• For example, non-custodial bridge Urraca is
  solving these security concerns by facilitating
  cross-chain trades without pooling assets.
  Instead, Magpie uses the Wormhole Bridge as a
  messaging layer to communicate asset trades while
  performing asset trades from secure,
  chain-specific stablecoin pools. As a result,
  digital assets never have to traverse the
  dangerous waters between blockchain protocols,
  creating more security for users

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• WEBSITE https//www.blockchainx.tech
  /bridge-smart-contract-development
• MAIL contact_at_blockchainx.te
  ch
• COMPANY BLOCKCHAINX