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Industry leaders reply to Vitalik Buterin's views on cross-chain ecosystems

3 min reading

"Interdependence between chains could create a domino effect that impacts multiple ecosystems if a single chain were to be attacked, but that certainly isn't a reason to stop working on cross-chain innovations," said Komodo's CTO, Kadan Stadelmann.

Vitalik Buterin, the co-founder of Ethereum (ETH), expressed his dissatisfaction last week about the development of cross-chain bridges, due to security concerns as a result of their interdependence. However, developers working on cross-chain innovations widely overlooked his doubts in the following days. Kadan Stadelmann, chief technology officer of atomic swap blockchain Komodo, replied to Vitalik's criticism in a message:

"What we ultimately need is true decentralization. For example, instead of relying on one or two trusted bridges that have a single point of failure, it would be better to work towards a future where we have numerous bridges that are secure, trustless, and censorship-resistant."

Erik Ashdown, the head of ecosystem growth at Covalent, a data analytics and blockchain indexer, agreed:

“Vitalik is a smart cookie who’s clearly done his thinking about the state of bridges. However, his saying that bridges are a bad idea and won’t work is the equivalent of the Bitcoin community in 2015 saying Ethereum and smart contracts were a bad idea.”

Stadelmann went on to say that "cross-chain interoperability is the future," and both multi-chain ecosystem networks such as Polkadot (DOT) and Cosmos (ATOM), and also atomic decentralized exchanges, have the potential to undermine Ethereum's economic scale. Stadelmann backs up his point by noting high gas fees on the blockchain as a reason why people would choose other options.

However, there are certain unaddressed concerns with cross-chain blockchains. According to Ashdown, an instance of a smart contract's compatibility is when a token is transferred over one network and does not have the identical contract address as a token sent across another network. Anyone transferring a token across another network will be unable to connect with the tokens sent from the primary network.

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