This is both flawed and also ignores the fact that every single bridge hack of the past few years come from a shared security model. Billions lost and still those pushing middlechains are crying “trust us”
The argument equivocates to saying “GnosisSAFE is not secure because I can setup a SAFE with malicious signers” or “Ethereum is not secure because someone can deploy an upgradable or malicious contract on top of it”.
The positioning that if a malicious actor deploys an upgradable or proxy contract they can act maliciously is… so obvious it seems insane to have written 10 pages about it.
We’ve been writing about the dangers of upgradable contracts for over a year now and there is a reason why LayerZero was built with completely immutable contracts.
The fact is LayerZero is built in a way where you CAN enforce an absolute model of security, where you can launch immutable contracts and have a complete set of security parameters.
A validation library that can never change, an oracle and relayer set that can never change, hyperparameters that can never change. Like the internet, LayerZero is a protocol and is completely unopinionated on application security configurations.
Just like you can make malicious websites on the internet, application developers can make malicious applications on any truly open protocol, be it LayerZero, Etheruem or anywhere else.
In most cases many applications have some layer of trust assumptions via governance, multisig, etc. and with LayerZero they can guarantee the exact same surface of trust as a bare minimum and often times much more secure by coupling it with a secure oracle or relayer.
For applications who are entirely immutable, their LayerZero configuration can be entirely immutable. The construct of LayerZero is one rooted in modularity and is meant to specifically not force applications into a singular shared security model.
Shared security in cross-chain has been proven time and time again to not be suitable even for current use cases and has never come even close to meeting the demands of economic security at scale.
LayerZero's smart contracts are immutable, oracle and relayer sets are open and permissionless.
We have been waging a battle of ideas between our protocol and these monolithic cross-chain messaging services.
For app developers, you must decide trust them or … trust yourself
We have been waging a battle of ideas between our protocol and these monolithic cross-chain messaging services.
For app developers, you must decide trust them or … trust yourself
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