Bridge Security in Blockchain, Smriti Verma (OpenZeppelin)

Talk of Smriti Verma (OpenZeppelin)
Abstract: Blockchain technologies have grown at an incredible rate in recent years after the massive success of public networks. However, the problems of decentralization, security, and scalability have been an obstruction to the mainstream adoption of this technology. The innovative solution for this Blockchain Trilemma resulted in spinning up of new networks, each having their own capabilities and restrictions. And while each of these networks have their own functionality, their stand-alone applications would not allow users to utilise the power of the blockchain tech in its full-potential. This generated the need to interconnect these networks so users could choose the most suitable solution for their needs, collaborate between different ecosystems and create interoperable Dapps, which gives rise to cross-chain bridge technology.
In this talk, we will be discussing about the state-of-security in the web3 space, the blockchain trilemma, how it leads us to the world of interoperability of blockchain networks and the measures we should take while interacting with the bridges.