Fortifying the Chain: A Deep Dive into Security Enhancements for Blockchain Technology

This research explores advancements in blockchain technology by analyzing the relationship between interoperability and security, focusing on cross-chain bridges, Bitcoin inscriptions, and Internet of Things (IoT) integration. It identifies significant vulnerabilities in cross-chain bridges, such as oracle manipulations, centralization risks, and deficiencies in smart contracts, while proposing strategic security solutions to mitigate these risks. The proposed solutions aim to foster a more secure and reliable blockchain ecosystem across sectors like finance and IoT by enhancing interoperability and addressing security flaws, ensuring the safe transfer of assets and data across multiple blockchain platforms.