SEDA announced the launch of its Interoperability Verification Module (IVM) framework, a groundbreaking solution aimed at establishing industry standards for cross-chain verification. Focusing on security and scalability, the IVM enables interoperability providers to independently and permissionlessly verify cross-chain transactions. As the number of active networks is projected to rise to over 2,000 by 2026, the IVM leverages a multi-layer verification process to enhance security, addressing critical vulnerabilities in existing interoperability infrastructures following significant financial losses due to hacks. The IVM emphasizes customization, security, and decentralized verification across numerous networks.
The demand for robust interoperability infrastructure has surged as users and developers engage with hundreds of specialized networks.
With nearly $2 billion lost in bridge hacks since 2020, the SEDA IVM presents a critical piece of industry-needed security infrastructure.
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