A Bridge Too Far: Does the Wormhole Hack Mean the Multi-Blockchain Dream Is Dead?

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A Bridge Too Far: Does the Wormhole Hack Mean the Multi-Blockchain Dream Is Dead?
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What happens when blockchain communication breaks down? Opinion.

” podcast episode that a poorly designed bridge “exposes users to a lot of risk that they don’t know they’re taking.”

The utility of inter-blockchain communication is clear. Wormhole, for instance, allows “wrapped ETH,” a synthetic asset intended to be collateralized by actual ETH, to be traded on the Solana blockchain. That opens up a lot of interesting arbitrage opportunities for traders, as well as healthier diversification in things like liquidity pools.

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