Lately I've been looking at cross-chain bridges again, and the more I look, the more it seems like a trap of "save a minute, lose a lifetime"... I’ve done it before too, impatient with confirmations, and ended up stuck on the bridge for half a day, my patience exploding first. Multi-signature sounds stable, but it’s really just "a few people pressing buttons together," and if there are issues with the people/permissions/operations, it’s just as vulnerable; oracles are more like feeding price feeds, if the mouth is crooked, the bridge follows suit. Now I only have two rules for crossing: if the amount is large, split it into several transactions; for small amounts, I still wait for enough confirmations—slow is slow, but at least it’s not slow enough to wake up and find assets gone. For me, "long-term" isn’t that mysterious; if I can withstand a round of extreme funding rates, a community arguing daily about reversals, or continuing to squeeze the bubble for two or three weeks, and keep my execution unchanged, then it’s long-term enough. Anyway, I only believe one thing: don’t rush on the bridge.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin