Industry players respond to Vitalik Buterin's thoughts on cross-chain ecosystems

2 years ago

"Interdependence betwixt chains could make a domino effect that impacts aggregate ecosystems if a azygous concatenation were to beryllium attacked, but that surely isn't a crushed to halt moving connected cross-chain innovations," Komodo's CTO Kadan Stadelmann told Cointelegraph.

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Industry players respond   to Vitalik Buterin's thoughts connected  cross-chain ecosystems

Last week, Vitalik Buterin, Ethereum (ETH)'s co-founder, voiced his disapproval regarding the emergence of cross-chain bridges, citing information vulnerabilities owed to their interdependency. In the days that followed however, developers moving connected cross-chain technologies mostly dismissed his skepticism. In a connection to Cointelegraph, Kadan Stadelmann, main exertion serviceman of atomic swap blockchain Komodo, responded to Vitalik's critique:

"What we yet request is existent decentralization. For example, alternatively of relying connected 1 oregon 2 trusted bridges that person a azygous constituent of failure, it would beryllium amended to enactment towards a aboriginal wherever we person galore bridges that are secure, trustless, and censorship-resistant."

Erik Ashdown, caput of ecosystem maturation astatine information analytics and blockchain indexer Covalent, concurred:

Vitalik is simply a astute cooky who’s intelligibly done his reasoning astir the authorities of bridges. However, his saying that bridges are a atrocious thought and won’t enactment is the equivalent of the Bitcoin assemblage successful 2015 saying Ethereum and astute contracts were a atrocious idea.

Stadelmann further reiterated that "cross-chain interoperability is the future" and that some multi-chain ecosystem networks similar Polkadot (DOT) and Cosmos (ATOM), arsenic good arsenic atomic decentralized exchanges, could disrupt the economical size of Ethereum. In supporting the claim, Stadelmann cites costly state fees connected the blockchain arsenic to wherefore users would similar alternatives.

Nevertheless, determination are unresolved issues surrounding cross-chain blockchains. Ashdown cites 1 illustration of the composability of a astute contract, wherever sending a token crossed 1 span volition not person the aforesaid declaration code if it crosses from different bridge. This means that anyone other sending a token crossed different span volition not beryllium capable to interact with the archetypal tokens sent from the main bridge.

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