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Home > The Tech Talks Daily Podcast > 2227: Anoma - How Cross-Chain Bridges Are Exposing Billions of Cryptocurrency
Podcast: The Tech Talks Daily Podcast
Episode:

2227: Anoma - How Cross-Chain Bridges Are Exposing Billions of Cryptocurrency

Category: Technology
Duration: 00:37:31
Publish Date: 2023-01-05 00:00:00
Description:

According to Chainanalysis, over $2 billion in cryptocurrency has been stolen in cross-chain bridge attacks last year. Exasperated by another string of bridge hacks over the last two weeks, many are calling into question the technology's ability to adequately secure users' assets and enable the interoperable, multi-chain future that is needed to propel the DeFi industry forward. 

Protocols are struggling to strike the delicate balance between decentralization adherence and pursuing the ultimate priority for a financial product — security. Christopher Goes, Co-Founder of Anoma, an intent-centric, privacy-preserving protocol discusses the need for full decentralization in blockchain, privacy as a public good enabled by blockchain and why anonymity in money is so important. 

With hacker techniques becoming increasingly sophisticated in cryptocurrency, we talk about the state of security across cross-chain bridges and why the industry needs better solutions. But most importantly, what can be done to prevent future hacks. Finally, we discuss why an interoperable, multi-chain future is essential for the DeFi industry. 

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