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RE: What The WormHole Hack Shows You About Bridges

in LeoFinance4 years ago

Thanks for bringing the story to us. This emphasises that all new shiny bridges and alt coins are not gold. With the evolution of open source where anyone can create a copy of a code, update it and run another chain is actually leading to scams like this.
Very sad indeed and a warning sign to be very careful with your crypto.

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I think it's evidence that these so-called cross-chain world isn't going to happen, it's just creating systemic risk, value will accrue to one chain and they'll have layers above them with the main chain as the final settlement layer