SmartBridge Encoded Listeners are not trustless or fault tolerant
This is addressed to the development team, hopefully they can set me straight if I’m understanding this incorrectly. I’ve read about Ark’s differentiator(in a plethora of block-chain platforms), it’s SmartBridge protocol and it certainly makes market and technical sense. Blockchains needs to be able to talk to each other, there’s no one-size fits all.
While it’s true that the network itself uses DPOS to be trust-less, it doesn’t appear that the encoded listeners are. At first glance these encoders are not distributed, and do not leverage a trust-less system to ensure that remote block-chain invocations ACTUALLY happen. So in theory, one could deploy an encoded listener with modified code to basically deposit all ark sent to it in a private wallet, or some other malicious intent.
There’s mentions of validation of encoded listeners, but sounds a little centralized to me.
This seems like an oversight on this mechanism and imo, I don’t think it’ll garner the attention and adoption it needs to be successful(partnerships may be harmed because of this)
Can the encoded listeners be designed in a way that addresses these concerns?