Arcadia, DotOracle Join Forces to Build First Cross-Chain Bridge on Casper Ne...
Blockchain software development and security consultancy firm Arcadia partnered with DotOracle Network to build the first cross-chain bridge on Casper Network, the first proof-of-stake (PoS) blockchain developed based on the Casper CBC (correct-by-construction) specification. Arcadia and DotOracle will build a liquidity network layer for Casper Network, which will enable users to move digital assets back […]
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On Monday, the cross-chain token bridge Nomad was attacked and hackers managed to siphon $190 million from the protocol, draining a great majority of the funds. The Nomad cross-chain bridge attack was the third-biggest crypto heist of 2022, and the ninth largest of all time.
Nomad Cross-Chain Bridge Exploited for $190 Million
Cross-chain bridges in the world of decentralized finance (defi) just can’t catch a break no matter how long they have been running and even after the bridges have been audited. On August 1, 2022, the cross-chain bridge Nomad suffered an attack that....
ChainSwap, a cross-chain asset bridge & application hub for smart chains, launched its cross-chain bridge aggregator today. The initial version of ChainSwap Cross-chain Bridge Aggregator integrates three leading bridge solutions, namely Poly Bridge, Multichain, and AnySwap. More bridges are expected to be supported by the aggregator. ChainSwap’s final goal is to integrate all cross-chain bridges available on the market and become the go-to platform for cross-chain solution seekers. Why a Bridge Aggregator: Current Challenges Imagine that you want to transfer a token from ETH to BSC with a....
After receiving a grant from the Algorand Foundation, pNetwork and Algorand have consolidated their partnership. The cooperation will build cross-chain bridge power by pNetwork to connect Algorand to external networks and increase assets and token liquidity in its ecosystem. pNetwork, a system composed of multiple validators to achieve cross-chain composability, will allow assets to be […]
On Tuesday, the team behind the Umbria network announced the launch of the new Narni cross-chain Avalanche bridge. Umbria says the bridge is 90% cheaper than the official Avalanche bridging solution allowing users to move ether between the Ethereum blockchain and the Avalanche network. Narni Cross-Chain Bridge Adds Avalanche Solution During the last two weeks the price of avalanche (AVAX) has increased 33.4% and this week, AVAX made its way into the top ten crypto positions in terms of market capitalization. As far as the total value locked (TVL) in decentralized finance (defi) is....
23 days ago on September 16, cross-chain bridges held around $7.79 billion total value locked (TVL) and since then the TVL has increased 89% since then to $14.75 billion. Currently, the top bridges include network connections like Polygon Bridges with $4.5 billion, Fantom Anyswap Bridge with $4.1 billion, and the Avalanche Bridge with $3.2 billion. Cross-Chain Bridge Technology Swells Decentralized finance (defi) and cross-chain bridge technology have continued to grow in value this year. A cross-chain bridge allows users to connect to another blockchain, which in most cross-chain cases....