Features TheBitTimes.com

THORChain has once again halted its network, taking action as a precautionary measure while verifying reports on a potential network vulnerability. Cross-chain liquidity protocol THORChain has paused its network due to new claims of a potential network vulnerability. THORChain took to Twitter on March 28 to announce that it has halted all trading amid reports on a potential vulnerability with a THORChain dependency that may affect the network. The decision was taken as a precautionary measure while the reports are verified, THORChain said. The announcement came shortly after social media reports indicated that THORChain’s liquidity platform Nine Realms and the dedicated security team THORSec received “credible reports ” of a potential vulnerability affecting THORChain. The THORChain network has report edly been subsequently halted globally. **THORChain Globally Halted**@ninerealms_cap and THORSec have received credible reports of a potential vulnerability affecting @THORChain. Out ...

As the crypto industry recovers, a new generation of modular blockchains could replace centralized bridges and exchanges. The public blockchain sector grew from less than a few million dollars in the last decade to a $1 trillion industry. However, one thing that the space has yet to solve is a decentralized and secure interoperable solution. Let's take Ethereum (ETH) to Bitcoin (BTC), the largest blockchain network, for example. Till today, centralized exchanges are the only viable solution for shifting from one chain to another. A centralized solution provider, BitGo, provides the largest pool of liquidity for Ethereum users to gain BTC exposure via Wrapped Bitcoin (WBTC). The BitGo IOU accounts for over 93.6% of the Bitcoin bridged to Ethereum. Users must rely on BitGo partner platforms like centralized exchanges or CoinList to exchange BTC and WBTC. The dominance of WBTC exposes it to evident centralization and regulatory risks. RenBTC, a platform managed by Alameda Research, d...