Bridges have to burn; IBC takes center stage
Akask Weekly - Aug 3rd 2022 (Akash Network)
“We’re going to see insecure bridges — the bridges have to burn… bridges are insecure, we’ve been talking about [it] a long time, and I think that’s where IBC is going to take the center stage when bridges are going to fail… yes, we’re going to see some exploits before we can see success.” — 00:34:20
Context: Days after the Nomad exploit; he explains IBC relayers pass packets without custodying assets, unlike bridges, though he cautions chain security still depends on bonded stake vs TVL.