Title is mid and misses the meat of this article, but it's worth pulling forward:Pi² has effectively productized all of the work that is left to validators of chains optimistically settling to Ethereum.That means the ~7d challenge window which is typically full of capital and compute-intensive games between parties can be settled ~instantly and without debates (because math).This imbues a shit ton of verifiable, fast trust between parties, which means bridges, chains, users, et al can move on to once it ob ...

Don't gamble w/ shortcuts → $2.8B+ has been lost in centralized bridges.Hyperbridge brings boring, protocol-level safety to bridging.The gateway for Polkadot <> Ethereum, Arbitrum, Base, BNB and more.@hyperbridge https://t.co/7iNiK7a2qs ...

RT RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams)The majority of L2 assets don't inherit Ethereum security even if the L2 is Stage 2.This is a challenge we don't talk enough about in Ethereum. We should face it head on.Below is a compilation of L2 assets compiled by @hazeflow_xyz based on @l2beat data.Only the canonically bridged assets inherit Ethereum security guarantees. That's only 34% of L2 assets.The other 66% rely either on a third-party bridge or the L2 itself.Canonically bridged assets (34%) = EthereumT ...

Hyperbridge is literally shorting every other bridge in your favorite ecosystems.It’s only possible because of Polkadot.Don’t agree? Prove it.@hyperbridgeFirst Positron (@david_of_earth):The only way to match this is to fork Hyperbridge and re-deploy on @Polkadot. Remind me what the economic security of the other bridges is. Oh, they don't have any; they are multisigs. ...

Security Concerns - LayerZero processed $82 million in stolen funds [1] - $2.8 billion total value locked (TVL) shares pools with crime [1] - Stargate contamination technically exposes every liquidity provider (LP) to the Office of Foreign Assets Control (OFAC) [1] On-Chain Activity - Wintermute moved 6,000 ETH (Ethereum) [1] - Blacklisted wallets are contaminating Stargate pools daily [1]

Security Risks - Cross-chain bridges are vulnerable and prone to risks [1] - Billions of dollars have been lost due to bridge vulnerabilities [1] Industry Focus - The industry highlights the importance of understanding the risks associated with cross-chain swapping via bridges [1]

Bridges sound good... until they don’tBridges let you lock tokens on chain A and mint wrapped versions on chain B.But that means you…⚠️ …trust an intermediary⚠️ … get exposed to exploits⚠️ … don't actually "swap", just reissue assetsThe result? $BILLIONS lost in bridge hacks. ...

Cross-chain solutions: atomic swaps vs. bridgesBoth connect networks. But they’re not the same.🔁 Atomic swaps = peer-to-peer, fully trustless🌉 Bridges = often custodial, risk-proneLet’s break it down 👇 https://t.co/nnTxp4zk0k ...