• Swing, a cross-chain liquidity protocol, released a new “no-code” product that reduces the time needed for deploying and updating decentralized applications across multiple blockchains.
• The product enables developers to update configurations and deploy updates without changing the code.
• It is hoped that this product can help to speed up responses to critical security incidents involving cross-chain bridges.
Swing Cross-Chain Protocol Releases ‚No Code‘ Product
Swing, a cross-chain liquidity protocol, has released a new „no-code“ product which it believes 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.
Benefits of Using Swing Platform
The key benefit of using the Swing Platform is that developers can update configurations and deploy updates without having to change the code. This could be particularly useful in situations where fast updates are necessary; such as when it is necessary to disable a particular token or bridge due to security flaws.
Cross Chain Applications Becoming More Common
Decentralized applications straddling multiple blockchains are becoming more common, although the use of cross chain bridges often used to move digital assets between networks can make them vulnerable to hackers. According to Chainalysis – a blockchain security firm – hacking costs and other thefts from cross chain bridges totalled an estimated $2 billion during just the first eight months of 2022 alone.
Potential Security Benefits
The potential security benefits offered by the Swing Platform include being able to respond quickly in critical scenarios when it’s necessary to disable tokens or bridges due to security flaws. It also means that nontechnical team members could act quickly if something happened outside of normal working hours as well.
Conclusion
The release of this „no code“ product by Swing should make it much easier for developers and other team members alike when responding quickly in order protect against any potential security threats posed by cross chain bridges – while also reducing the amount of time needed for deploying and updating decentralized applications across multiple blockchains