Bradley Keoun
Bradley Keoun is the managing editor of CoinDesk's Markets team. He owns less than $1,000 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. A key benefit is that developers can update configurations and deploy updates without changing 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 firm, estimated the costs of hacks and other thefts from cross-chain bridges at $2 billion during just the first eight months of 2022.
The Swing Platform ostensibly could speed up the time to respond to a security incident – say if something happened outside of ordinary working hours, and nontechnical team members could act.
“Launching and maintaining a cross-chain application is generally fraught with risk and off-limits to all but the best-funded developer teams,” Swing founder Viveik Vivekananthan said in the press release. “Swing Platform drives down the barriers to creating a cross-chain dApp, freeing devs to focus on their core product without getting side-tracked by cross-chain configurations and app updates.”
$23,300.82
$1,626.83
BNB$297.68
XRP$0.37630798
$12.67DISCLOSURE
Please note that our privacy policyterms of usecookiesdo not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bradley Keoun
Bradley Keoun is the managing editor of CoinDesk's Markets team. He owns less than $1,000 each of several cryptocurrencies.
Bradley Keoun
Bradley Keoun is the managing editor of CoinDesk's Markets team. He owns less than $1,000 each of several cryptocurrencies.
