> Validators fulfill various functions in blockchains, including the creation of transaction blocks and the updating of data oracles. Ronin uses a so-called “proof of authority” system for signing transactions, concentrating power in the hands of nine trusted actors. This paragraph perfectly encapsulates everything wrong with the way promoters sell Ethereum. Smart contracts can do little of interest beyond straight m…
Most Ethereum developers are advising against relying on bridges across security zones that would be upheld by multisigs and oracles, they are vulnerable to attacks. A better model than a bridge to sidechain would be a rollup - posting proofs on chain without giving the sequencer the ability to steal or control user funds.