New blockchains face challenges with vulnerable bridges that expose users to attacks. Chainanalysis reveals that bridge attacks accounted for 69% of cryptocurrency theft in 2022, resulting in over $2 billion stolen. Ethereum’s Starknet is adopting “storage proofs” to enhance security and enable seamless cross-chain asset transfers.
‘Storage Proofs’ Touted as Alternative to Hack-Prone Bridges in Multichain World
