Avaxholic

Welcome gamers and crypto lovers, Avaxholic is happy to share that Ankr Is Now Securing the Avalanche Bridge. So let explore it in today’s article! Ankr Becomes Avalanche Bridge Safeguard The Avalanche Bridge was created to allow Avalanche to connect with different chains and ecosystems and easily bridge assets to and from the Avalanche network. Now, Ankr has been added as a Bridge Node to safeguard the bridge between Avalanche and Ethereum and many more chains in the future. Bridge Nodes share the responsibility of securing the Avalanche Bridge and ensuring all transactions coming across are valid and shielded from attacks. About Avalanche Bridge The Avalanche Bridge brings next-level interoperability advantages to Web3: Fast: Transactions will reach finality extremely fast.Secure: Built with Intel SGX Enclave with advanced security features.Intuitive: Users can transfer assets in an easy, streamlined process.Transparent: Users will know the transfer status at ever... Sourc...

The Avalanche Bridge nodes perform periodic key rollovers as a routine proactive security measure, including whenever new nodes are added or removed. The Avalanche Bridge utilizes SGX so that no one has access to the bridge keys. The keys that facilitate the movement of funds are generated and stored in a secure enclave on special chips where nobody, not even a node admin, can gain access to them. The keys never leave the secure enclave, the execution paths of the bridge code cannot be modified, and attestations are provided to the hash of the code inside the secure enclave. Together, this ensures bridge integrity, confidentiality, and assurance against byzantine behaviors. Since a single copy of the keys would be vulnerable to a catastrophic hardware failure, the keys are backed up. Ordinary backups, where data is just replicated, are not suitable for cryptographic keys. The Avalanche Bridge employs a state-of-the-art key backup scheme where key material is first split through......