Vitalik Buterin Approves Cross-Chain Applications By Cointelegraph



In an article posted on Reddit on Friday, Vitalik Buterin, the co-founder of (ETH), describe Critical security issues regarding cross-chain bridges in the blockchain ecosystem. As Buterin said, storing native assets directly on-chain (Ethereum on Ethereum, on Solana, etc.) provides a certain degree of immunity against 51% attacks. Even if hackers manage to censor or reverse transactions, they cannot offer blocks to take away their crypto.

The rule also applies to the Ethereum application. For example, if hackers launch a 51% attack (controlling 51% of all outstanding ETH supply) while an investor exchanges 100 ETH for 320,000 DAI stablecoin, the end state remains unchanged, i.e. that is, the investor would always get 100 ETH or 320,000 DAI.

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