Both trusted and trustless approaches can have fundamental or technical weaknesses. To be more precise, the centralization aspect of a trusted bridge presents a fundamental flaw, and trustless bridges are vulnerable to exploits that stem from the software and the underlying code. Simply, if there is a flaw in the smart contract, it is almost certain that parties with malicious intentions will attempt to exploit it.
Unfortunately, there hasn’t been a perfect solution to the conundrum the industry faces. Both trusted and trustless platforms have implicit flaws in their design and compromise the security of the blockchain bridge in their respective ways. In addition, as the value and users of the cryptocurrency industry keep increasing, hackers are getting more sophisticated. Traditional cyberattacks like social engineering and phishing attacks have also adapted to the Web3 narrative to target both centralized and decentralized protocols.
Although not foolproof, a valuable first step towards addressing the security issues on blockchain bridges can be an extremely rigorous source code audit before deploying the bridge on the blockchain. This must be a ground-up check to minimize any flaws whatsoever, because all it takes is one slip up with a bad line of code and hackers have a way in.
Due to that, it is vital for users to do their due diligence before interacting with any bridging ecosystem, which includes checking the documentation, the code and the maturity of the system. This is a means of protecting their crypto while the developers find a solution to overcome the limitations of current blockchain bridging protocols.
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