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A Brief History of Blockchain Interoperability.
- Source :
- Communications of the ACM; Oct2024, Vol. 67 Issue 10, p62-69, 8p
- Publication Year :
- 2024
-
Abstract
- Blockchain interoperability has emerged as a critical focus for the development of next-generation decentralized applications. Significant progress has been made in the past five years, particularly in addressing challenges like the security of cross-chain token transfers. Despite advancements, vulnerabilities in cross-chain bridges remain a significant concern, with over $3.2 billion in losses due to attacks. Continued research is needed to improve privacy, user experience, and security in cross-chain infrastructure, alongside collaborative efforts from industry and academia to fully unlock blockchain's potential in decentralizing society.
Details
- Language :
- English
- ISSN :
- 00010782
- Volume :
- 67
- Issue :
- 10
- Database :
- Complementary Index
- Journal :
- Communications of the ACM
- Publication Type :
- Periodical
- Accession number :
- 179943072
- Full Text :
- https://doi.org/10.1145/3648607