How cross-chain bridges work and why $4 billion has been stolen from them
Bridges move assets between blockchains using lock-and-mint, burn-and-mint, or liquidity pool mechanisms, but their trust assumptions have made them the most exploited category in crypto. Introduction Blockchains do not talk to each other. Ethereum cannot read Solana’s state.
Arbitrum cannot…
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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.
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