Part 8/12:
- Risks include reliance on custodial trust, smart contract vulnerabilities, and the possibility of token theft or loss.
The hosts highlight:
While convenient, wrapped tokens are essentially custodial and introduce additional trust assumptions.
They are not trustless like Bitcoin itself but satisfy user needs for interoperability despite the trade-offs.
Lightning Network: The Near-Perfect Payment Layer?
Focusing on Lightning, the panelists agree that it offers the best layer 2 solution for payments—fast, low-cost, and capable of routing payments through multiple channels, enabling near-instant transactions.
Core characteristics: