Finance Redefined: Vitalik bearish on cross-chain, dYdX decentralizing, Jan. 7–14

Sharing a series of examples to prove his thesis, Buterin noted that if a malicious entity attempted to launch a 51% attack on Ethereum, a transaction undertaken by an innocent party could be censored and/or reverted, but not blocked and not lost.

Let’s suppose a 51% attack occurs on a single of 50 chains. In that case, all of them become vulnerable in what he describes as a “systemic contagion that threatens the economy of that entire ecosystem.”published the fourth iteration of its roadmap this week “There will no longer be central points of control or failure of the protocol,” representatives from the company stated following the v4 upgrade, assuring that “all aspects of the protocol that can be controlled will be fully controlled by the community.”technical outage highlighted the true vulnerabilities of a number of crypto businesses

“Unfortunately, there are still some parts of the exchange that rely on centralized services . We are deeply committed to fully decentralizing, and this remains one of our top priorities as we continue to iterate on the protocol.” The capital raise was led by renowned hedge fund Three Arrows Capital and was further participated by Mechanism Capital, Dragonfly Capital and Andreessen Horowitz’s Silicon Valley-based fund a16z. Individual angel investors included British billionaire hedge fund manager Alan Howard and Aave founder Stani Kulechov.

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Industry players respond to Vitalik Buterin's thoughts on cross-chain ecosystems'In the future, we’ll have both multi-chain ecosystem networks ... where chains rely upon a shared security mechanism,' said a Komodo exec. That's like telling a racecar driver to tap the breaks when he's about to cross the finish line. We are many, we are friends, we are family, we are XRDOGE We are numerous, friends, family, and we are xrdoge.
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