Key facts
- Secret Network is proposing to move from Cosmos to Arbitrum.
- The move is motivated by security risks from AI-assisted exploitation of old code.
- A decline in Cosmos's liquidity is a cited reason for the proposed move.
- Reduced builder support in Cosmos is another factor for the proposed migration.
- The migration requires a governance vote by the Secret Network community.
Secret Network, a blockchain platform emphasizing privacy, is contemplating a major migration from its current home in the Cosmos ecosystem to Arbitrum, a prominent layer-2 scaling solution on Ethereum. This proposed move is driven by a dual set of concerns: escalating security risks and a perceived weakening of the Cosmos network's infrastructure and community.
The primary security concern highlighted by Secret Network is the increasing threat posed by artificial intelligence in identifying and exploiting vulnerabilities in older code. The network suggests that AI tools could make it easier for malicious actors to find and leverage weaknesses in smart contracts and blockchain protocols that have been in place for some time. This risk is seen as a significant factor in the decision-making process for a platform that prioritizes user privacy and data protection.
Beyond security, Secret Network also points to a decline in both liquidity and builder support within the Cosmos network. Reduced liquidity can impact the efficiency of decentralized finance (DeFi) operations and trading on the network, while a decrease in builder support can hinder innovation and the development of new applications and features. By moving to Arbitrum, Secret Network aims to tap into the larger Ethereum ecosystem, which typically offers greater liquidity and a more robust developer community.