xGov-157: Centralised Bridge Proposal: Two-Way Cardano (ADA) to Algorand (Algo)

[clooneyr]

No description provided.

[Vidhyanandcs]

As you are requesting for 260,000 Algo, why is the code not open source??

[GilesTNT]

As you are requesting for 260,000 Algo, why is the code not open source??

From our Discord Convo:
Bridges are (and should be) far more complex than typical smart-contract based dApps. There's more surface area with a bridge to attack because a bridge is distributed across two or more chains and relies on a higher degree of centralisation for custody of the bridged assets. There also isn't really an industry standard for bridges. Even the most well-funded bridges like Wormhole have been exploited, despite numerous audits and a large development team. It's possible we will open source it eventually, but the potential costs of exposing the bridge architecture to malicious actors is higher than any reason to open source the code too early. The three largest hacks in 2022 were bridge hacks AFAIK (Ronin Bridge $600m, Womhole $300m, Nomad Bridge $190m)

[nonfungibleab]

Proposer, please post your algorand forum discussion thread link here. Thank you.

[GilesTNT]

https://forum.algorand.org/t/xgov-proposal-157-two-way-cardano-ada-to-algorand-algo/11317