Crypto
Crypto decentralisation promise shaken by interoperability
The cryptocurrency industry emphasises decentralisation, but transferring value between blockchains is influenced by a small number of centralised intermediaries, an industry executive warned. Michael Steuer, president and CTO of Casper Network, said interoperability should be addressed from a user-experience perspective rather than as a technical issue. He said moving assets across chains requires complex checks and carries the risk of permanent loss, while bridges are a prime hacking target and reinforce centralisation.
