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Establishing a Unified Cross-Chain Security Model for Systematic Understanding of Interoperability Risks

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On April 15, it was reported that in the 2023 Hong Kong Web3 Carnival Cross chain Special Session, Luke Liu, the core contributor of Poly Network ecology, believed that the establi

Establishing a Unified Cross-Chain Security Model for Systematic Understanding of Interoperability Risks

On April 15, it was reported that in the 2023 Hong Kong Web3 Carnival Cross chain Special Session, Luke Liu, the core contributor of Poly Network ecology, believed that the establishment of a unified cross chain security model would help us systematically understand the risks of interoperability. The goal of cross chain communication is to standardize the communication process, ensuring that requests on one chain are correctly and smoothly executed on another chain. Each chain is different, but we strive to establish a unified risk model that includes three stages: data request, communication, and verification. Through mathematical (model) abstraction, the multi chain interoperability in the blockchain system includes the collaboration of different layers such as application, communication, consensus, etc. This set of combined interaction system not only relies on the security of each component, but also tests the security of interaction between components. Establishing such a (security) framework can help us understand interoperability risks more systematically rather than generalizing them based on individual cases.

Poly Network Ecological Core Contributor: Establishing a unified cross chain security model helps us systematically understand interoperability risks

In the 2023 Hong Kong Web3 Carnival Cross Chain Special Session, Luke Liu, the core contributor of Poly Network ecology, presented his views on the establishment of a unified cross-chain security model. He believes that such a model can help us systematically understand the risks of interoperability, which is critical for the standardization of the communication process in cross-chain communication. In this article, we will discuss the importance of cross-chain communication and its risks, and how the establishment of a unified cross-chain security model can help mitigate these risks.

The Importance of Cross-Chain Communication

Cross-chain communication is the process of connecting different blockchain networks, allowing them to interact with each other despite their structural differences. The goal of cross-chain communication is to standardize the communication process, ensuring that requests on one chain are correctly and smoothly executed on another chain. This is essential for the development of decentralized finance (DeFi) and the growth of the blockchain ecosystem.

The Risks of Interoperability

Interoperability is the ability of different blockchain networks to communicate with each other. While interoperability is essential for the growth of the blockchain ecosystem, it comes with inherent risks. For instance, the threat of a single point of failure or attack can compromise the entire system. Therefore, there is a need for a unified cross-chain security model that can help us understand the risks of interoperability more systematically.

Establishing a Unified Cross-Chain Security Model

According to Luke Liu, the establishment of a unified cross-chain security model can help mitigate the risks of interoperability. The model includes three stages: data request, communication, and verification. By using mathematical (model) abstraction, the multi-chain interoperability in the blockchain system can include the collaboration of different layers such as application, communication, and consensus.
This set of combined interaction system not only relies on the security of each component but also tests the security of interaction between components. By establishing such a (security) framework, we can understand interoperability risks more systematically rather than generalizing them based on individual cases.

Conclusion

In conclusion, cross-chain communication plays a vital role in the growth and development of the blockchain ecosystem. However, interoperability comes with inherent risks that can compromise the entire system. Therefore, the establishment of a unified cross-chain security model that includes data request, communication, and verification can help mitigate these risks. By standardizing the communication process and systematically understanding the risks of interoperability, we can ensure the seamless interaction of different blockchain networks.

FAQs

1. How does cross-chain communication benefit the blockchain ecosystem?
Cross-chain communication connects different blockchain networks, allowing them to interact with each other and enabling the growth and development of the blockchain ecosystem.
2. What are the risks of interoperability?
Interoperability comes with inherent risks, such as the threat of a single point of failure or attack that can compromise the entire system.
3. How can a unified cross-chain security model help mitigate these risks?
A unified cross-chain security model that includes data request, communication, and verification can help us systematically understand the risks of interoperability and standardize the communication process, ensuring the seamless interaction of different blockchain networks.

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