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Isn't the basic idea that one blockchain runs the code to be able to (1) "Look up" a trade price, (2) Okay it with both users, (3) Then simply make the two t
by kylebenzle 2y ago
Isn't the basic idea that one blockchain runs the code to be able to
(1) "Look up" a trade price,
(2) Okay it with both users,
(3) Then simply make the two transactions?
The code is (or should be) fully auditied and there is absolutly no chance for anyone to "steal assests while in transit", in fact, I'm hard pressed to even understand what you mean by "steal in transit"?
The authors may sound "hand-wavy" about it only because its a solved problem.
- Animats 2y agoThen simply make the two transactions? But not just one of them. It's hard for a "smart contract" to securely do a transaction on a blockchain not its own. A trustless system needs an atomic commit across two different blockchains, which is hard. See [1]. [1] https://www.cnbc.com/2022/08/10/hackers-have-stolen-1point4-billion-this-year-using-crypto-bridges.html https://www.cnbc.com/2022/08/10/hackers-have-stolen-1point4-...