Decentralized Finance 2.0: A Deep Dive into Cross-Chain Interoperability Risks
Introduction
The latest report from Chainalysis highlights a staggering statistic: by 2025, around 73% of cross-chain bridges are likely to contain some form of vulnerability. As we move into the Decentralized Finance 2.0 era, these vulnerabilities can significantly impact user trust and the future of decentralized finance.
Understanding Cross-Chain Interoperability
Imagine you’re at a busy market where you want to exchange dollars for euros, but there’s no convenient currency exchange booth. That’s exactly what cross-chain interoperability aims to solve! In simple terms, it allows different blockchain networks to communicate and share information seamlessly. However, this
