• Swing, a cross-chain liquidity protocol, released a “no-code” 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, a major conference for Ethereum developers.
• Cross-chain applications are becoming more common but they are often targeted by hackers and the costs of hacks and other thefts from cross-chain bridges were estimated at $2 billion in 2022.
Swing Releases ‘No-Code’ Product To Speed Up App Deployment
Decentralized applications that straddle multiple blockchains are becoming more common, though the cross-chain “bridges” often used to move digital assets back and forth between the different networks are frequently targeted by hackers. Swing, a cross-chain liquidity protocol, has 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.
What Does Swing Platform Offer?
The key benefit of using Swing Platform is that developers can update configurations and deploy updates without changing the code. Use cases for this 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,” as stated by Swing founder Viveik Vivekananthan in the press release.
Cross Chain Applications Growing In Popularity
Cross chain applications are growing increasingly popular due their ability to facilitate interactions between different blockchain networks; however they do come with certain risks such as being targeted by hackers or malicious actors who attempt to steal funds from these bridges. According to Chainalysis’ estimates of hacks and other theft incidents from cross chain bridges totals up to $2 billion during just the first eight months of 2022 alone.
Swing Platform Speeds Up Response Time To Security Incidents
The use of Swing Platform can speed up response times when dealing with security incidents such as bugs or flaws outside regular working hours; allowing nontechnical team members to act quickly on fixes instead of having them wait until technical staff become available again.
Conclusion
Swing’s no code platform offers developers an easier way to deploy and maintain their cross chain apps while also offering additional safety features such as faster responses times when dealing with security flaws or bugs which could potentially cause serious harm if not dealt with promptly.