Wormhole: Decentralized response to the risks of centralized bridges! 🛡️🔄
By July 2025, Wormhole positions itself as a key solution to overcome the risks associated with centralized bridges. Unlike bridges that rely on a small number of trusted parties, Wormhole uses:
Decentralized network of Guardians: 19 independent validators reduce a single point of failure.
Transparency: All transactions and confirmations are visible on the blockchain.
Audits and security: Active efforts in auditing and improving the protocol.
Open source: Allows the community to verify the code.
Governor and Global Accountant: Additional layers of security to prevent unauthorized withdrawals. This makes Wormhole a more resilient and secure choice for cross-chain operations compared to bridges that may pose centralized custodial risks.