Traditional challenges
Blockchain ecosystem is highly fragmented.
There are alot of blockchains with their own communities and Dapps. While they individually are secure, multiple historical attempts to bridge them have led to hacks and enormous loss of valuable assets. There has always been a compromise in the bridge’s speed and security – rendering them useless to masses.
Liquidity crunch:
As different chains cannot share liquidity instantly and reliably; lower portions are available across chains. It makes it difficult to expand and maintain adequate balances.
Collaboration constraints:
Data transfers being extremely slow, renders verifying the latest true state of events across chains almost impossible. This opens up the ecosystem to frauds and middlemen vulnerabilities.
Security breaches:
It is a delicate task to maintain the balance between security & cost vs speed. Centralized or multi-sig systems are fast but prone to hacks; while decentralized systems with fishermen are very slow and costly in acquiring finality across the high number of nodes.
In short – there is a LOT of work ahead of us.
Note: If you believe something is missing or our documentation is unclear, please contact us at tech@decimal.at.
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