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Bradley Keoun
Bradley Keoun is the managing editor of CoinDesk's Markets team. He has less than a thousand dollars each of several cryptocurrencies.
Swing, a cross-chain liquidity protocol, released a new “no-code” product it says will reduce the time needed to deploy and update decentralized applications across multiple blockchains.
The new product, Swing Platform, will be provided to developers during ETHDenver, a major conference for Ethereum developers, according to a press release. One of the main advantages is that developers can update setups and deploy updates without modifying the code.
Use cases for the product include propagating fast updates of cross-chain applications in “critical scenarios when it’s necessary to disable a particular token or bridge due to a security flaw,” the company said.
Applications that straddle multiple blockchains are becoming more common, though the cross-chain “” often used to move digital assets back and forth between the different networks are frequently targeted by hackers. Chainalysis, a blockchain security company, has estimated the costs of hacks and other cross-chain bridge robberies to be $2 billion in the first eight months of 2022.
The swivel platform could apparently accelerate the response time to a safety incident, for example if something happened outside normal working hours, and non-technical team members could take action.
'Launching and maintaining a cross-chain application is usually loaded with risks and off-limits for all teams of developers except the best funded,' said the founder of swing viveik vivekananthan in the press release. "Swing Platform removes obstacles to the creation of a cross-chain dApp, allowing developers to focus on their core product without being swept aside by cross-chain configurations and application updates."
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Bradley Keoun
Bradley Keoun is the managing editor of CoinDesk's Markets team. He has less than a thousand dollars each of several cryptocurrencies.
Bradley Keoun
Bradley Keoun is the managing editor of CoinDesk's Markets team. He has less than a thousand dollars each of several cryptocurrencies.
