What are the risks of transferring Ronin to other networks
https://wallet-wise-tips.b...
Transferring Ronin to other networks via cross-chain bridges introduces risks: bridge vulnerabilities, centralization, smart contract risks, single point of failure (e.g., $625M Ronin exploit), and reduced security compared to main blockchains. While enabling cross-chain functionality, bridges require robust security measures to mitigate these risks.
SecurityRisks, RiskOfLoss, NetworkFees
https://wallet-wise-tips.b...
Transferring Ronin to other networks via cross-chain bridges introduces risks: bridge vulnerabilities, centralization, smart contract risks, single point of failure (e.g., $625M Ronin exploit), and reduced security compared to main blockchains. While enabling cross-chain functionality, bridges require robust security measures to mitigate these risks.
SecurityRisks, RiskOfLoss, NetworkFees
11:50 AM - Jun 13, 2024 (UTC)
