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


Final week, Vitalik Buterin, Ethereum (ETH)’s co-founder, voiced his disapproval concerning the emergence of cross-chain bridges, citing safety vulnerabilities because of their interdependency. Within the days that adopted, nevertheless, builders engaged on cross-chain applied sciences largely dismissed his skepticism. In a press release to Cointelegraph, Kadan Stadelmann, chief expertise officer of atomic swap blockchain Komodo, responded to Vitalik’s critique:

“What we finally want is true decentralization. For instance, as a substitute of counting on one or two trusted bridges which have a single level of failure, it could be higher to work in the direction of a future the place we’ve quite a few bridges which can be safe, trustless and censorship-resistant.”

Erik Ashdown, head of ecosystem progress at information analytics and blockchain indexer Covalent, concurred:

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Vitalik is a great cookie who’s clearly completed his excited about the state of bridges. Nevertheless, his saying that bridges are a nasty thought and received’t work is the equal of the Bitcoin neighborhood in 2015 saying Ethereum and sensible contracts had been a nasty thought.

Stadelmann additional reiterated that “cross-chain interoperability is the long run” and that each multi-chain ecosystem networks like Polkadot (DOT) and Cosmos (ATOM), in addition to atomic decentralized exchanges, might disrupt the financial dimension of Ethereum. In supporting the declare, Stadelmann cites costly fuel charges on the blockchain as to why customers would favor options.

Nonetheless, there are unresolved points surrounding cross-chain blockchains. Ashdown cites one instance of the composability of a wise contract, the place sending a token throughout one bridge is not going to have the identical contract tackle if it crosses from one other bridge. Which means that anybody else sending a token throughout one other bridge will be unable to work together with the unique tokens despatched from the principle bridge.