Essential Cross-Chain Security Considerations: Concept Map

Overview

Here is an overview of the article. Overall, security is a key tenet. Next, there are certain best practices that are essential.

Vendor Lock-in

Vendor lock-in, also known as proprietary lock-in or customer lock-in, makes a customer dependent on a vendor for products, unable to use another vendor without substantial switching costs. In terms of tradfi adoption, vendor lock-in and the “Cold Start Problem” are closely related.

Here is a concept map of how to deal with vendor lock-in.