Git-Mirrors/mev-toolkit
1
0
Fork 0
mirror of https://github.com/autistic-symposium/mev-toolkit.git synced 2025-04-29 12:16:07 -04:00
Code Issues Packages Projects Releases Wiki Activity

Update README.md

Browse Source
This commit is contained in:
dr. mia von steinkirch, phd 2023-02-07 16:22:03 -08:00 committed by GitHub
parent c8181198cc
commit 2449c860e0
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23
1 changed files with 12 additions and 4 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

16
defi_and_trading/bridges/README.md
View File

@ -1,9 +1,11 @@
## Bridges ## bridges
<br> <br>
### Centralized Bridge ### centralized
<br>
* Centralized bridges are essentially hot wallets straddling the fence between multiple chains. * Centralized bridges are essentially hot wallets straddling the fence between multiple chains.
* They hold a user’s assets on one chain and issue them a corresponding amount of tokens on another chain. * They hold a user’s assets on one chain and issue them a corresponding amount of tokens on another chain.
@ -12,8 +14,11 @@
* The security risks of a centralized bridge are the same security risks that exist for exchanges and custodians. * The security risks of a centralized bridge are the same security risks that exist for exchanges and custodians.
* Their primary responsibility is securing private keys (key management), and as a result centralized bridges have proven to be pretty secure. * Their primary responsibility is securing private keys (key management), and as a result centralized bridges have proven to be pretty secure.
<br>
### Proof of Stake Bridge ### proof-of-stake bridge
<br>
* Proof of Stake bridges are like little blockchain networks narrowly focused on facilitating cross-chain activity. * Proof of Stake bridges are like little blockchain networks narrowly focused on facilitating cross-chain activity.
* Whereas centralized bridges are managed by a single entity, proof of stake bridges are managed by a group. * Whereas centralized bridges are managed by a single entity, proof of stake bridges are managed by a group.
@ -21,8 +26,11 @@
* Because POS bridges involve both smart contracts and a group of centralized gatekeepers, they inherit all the code risk of Web 3 and the traditional security risks of Web 2 (key management, access controls). * Because POS bridges involve both smart contracts and a group of centralized gatekeepers, they inherit all the code risk of Web 3 and the traditional security risks of Web 2 (key management, access controls).
* POS bridges have the most attack vectors, and have unfortunately been the victims of most of the major exploits. * POS bridges have the most attack vectors, and have unfortunately been the victims of most of the major exploits.
<br>
### Decentralized Bridge ### decentralized bridge
<br>
* Decentralized bridges take a proof of deposit from one chain and validate it on the other chain (ex: Polygon Plasma Bridge). * Decentralized bridges take a proof of deposit from one chain and validate it on the other chain (ex: Polygon Plasma Bridge).
* Decentralized bridges are all code. They don’t rely on centralized signers/validators, so while there’s more code risk, they don’t have to worry about the traditional security risks that POS bridges deal with. * Decentralized bridges are all code. They don’t rely on centralized signers/validators, so while there’s more code risk, they don’t have to worry about the traditional security risks that POS bridges deal with.