• Swing, a cross-chain liquidity protocol, released a new product to 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 conference for Ethereum developers.
• The product can be used to propagate fast updates of cross-chain applications in “critical scenarios” when it is necessary to disable tokens or bridges due to security flaws.
Cross-Chain Protocol Swing Introduces ‘No-Code’ Product
Swing, a cross-chain liquidity protocol, has released a new “no-code” product that aims to reduce the time needed for deploying and updating decentralized applications across multiple blockchains. Developed specifically for Ethereum developers attending ETHDenver conference, the new product called Swing Platform eliminates the need for changing code in order to update configurations and deploy updates.
What Does Swing Platform Do?
The main purpose of this product is to help propagate fast updates of cross-chain applications in scenarios where it is necessary to disable certain tokens or bridges due to security flaws. In this way, developers are able to respond quickly even if something happens outside of ordinary working hours and nontechnical team members can take action.
Risks of Cross Chain Bridges
Cross chain bridges often used for moving digital assets back and forth between different networks are frequently targeted by hackers which leads up high costs in terms of stolen assets according Chainalysis – blockchain security firm estimated costs at $2 billion during first eight months of 2022 only. That makes it even more important for development teams have proper mechanisms for responding quickly and effectively when such incidents occur.
Benefits Of Using Swing Platform
By using no-code platform like Swing Platform developers can benefit from easier deployment and updating process as well as improved security measures with faster response times when it comes critical scenarios where certain tokens or bridge needs disabling due potential security breach. Furthermore, smaller development teams that don’t have resources or tech skills required for coding can also take advantage of these benefits offered by no-code platforms like Swing Plaform.
Conclusion
Swing Plaform represents an important step towards making decentralized application development easier while increasing their overall security level by providing faster responses in case cross-chain bridge hackings or other types of incidents occur making them less appealing targets for malicious actors looking score quick profits through stealing digital assets from unsuspecting users.