full image - Repost: Here are five ways Exocore minimizes risk by design (from Reddit.com, Here are five ways Exocore minimizes risk by design)
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Minimizing Smart Contract RiskExocore has protocolized the logic for restaking, keeping all restaking logic at the L1 protocol level, not the smart contract level, to minimize smart contract risk.Minimizing Concentration RiskThe current reality is most restaking is on Ethereum and built on Eigen Layer. No knock on Eigen, but that is a lot of concentration risk — and anything built on it will inherit its trust assumptions.That could be an unhealthy amount of centralization.To mitigate this, Exocore has built its own L1 as a new restaking primitive — no inherited trust assumptions, greater decentralization in restakingOnly insanely simple contracts are used to integrate new chains. Security through simplicity!Minimizing Risk to Ethereum's Social ConsensusVitalikButerin has warned that dapps and services that use Ethereum's validators, like restaking, might eventually strain Ethereum's social consensus: if a bug causes catastrophic loss, validators might vote to fork the chain (again).But as a separate L1, Exocore relies on its own social consensus meaning Exocore's growth won't increase risk on Ethereum.For details on social consensus: https://ift.tt/RFexygK Risk from Novel ComponentsExocore's modular design has allowed contributors to use battle-tested parts, like a Tendermint-based consensus mechanism, widely regarded as one of the safest consensus algorithms in Web3.Nothing wrong with a tried-and-true path.Minimizing Risk from BridgingExocore NEVER bridges assets.How is that possible for an omnichain restaking protocol?Exocore's L1 acts as an accounting service, tracking restaked assets without bridging them. It also uses zk-light clients for trustless cross-chain communication. https://ift.tt/bvVEzJf
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