As the US authorities progresses in direction of regulating cryptocurrency and making it a staple of the world’s strongest financial system, the crypto market continues to be experiencing a hunch. Nonetheless, there’s a shopping for frenzy occurring amongst educated buyers. “Shopping for the Dip” is a typical phrase seen on numerous web entrepreneur boards underneath subjects reminiscent of Bitcoin, Ethereum, Solana, and others. And for such a ‘dip’ within the broader crypto and inventory markets, corporations aren’t slowing down on pursuing focused objectives.
Cryptocurrency firm, Secure Haven, is a type of nonetheless on the hunt for decentralized supremacy. And they’re delivering expertise no different rival has as of early 2022.
Safe Haven has recently released SafeSwap, a decentralized atomic swap platform, SafeSwap. In brief, SafeSwap makes it straightforward for cryptocurrency tasks to deploy their options throughout completely different blockchains. Early public outcomes have confirmed SafeSwap to be dependable and safe.
SafeSwap stands out as the most safe, really decentralized, cross-chain swap obtainable.
Moreover, it’s the primary cross-chain linking expertise for VeChain, a cryptocurrency with a $3-Billion-Greenback market cap and thousands and thousands of customers.
A Actual Deal Atomic Swap Has Arrived
The explanation for SafeSwap’s present buzz is not only as a result of a brand new product has launched. It’s really the expertise that has been developed. For the primary time, cross-chain atomic swaps are potential on the VeChain blockchain. For instance, VIP-180 tokens (VeChain Blockchain) might be swapped to BEP20 (Binance Blockchain), ERC20 (Ethereum), and MATIC tokens.
In layman’s phrases, SafeSwap allows the motion of greater than $3-billion-dollars value of tokens who can’t transfer their cryptocurrencies to wallets on different EVM primarily based blockchains.
Cybersecurity Points Resolved
SafeSwap’s atomic swap platform went by means of intensive testing in January and early February of 2022. Outcomes have been shared publicly by way of crypto information website, Altcoinbuzz.
As an extra safeguard, Secure Haven enlisted the assistance of the world famend cybersecurity group, Red4Sec, to additional show their product. A extra in-depth evaluate of SafeSwap was accomplished, hoping to eradicate any potential cybersecurity threats.
Benefits of Safeswap For Cryptos & Its Customers
In response to current bridge exploits, like Wormhole, SafeSwap has eradicated the step of Decentralized Exchanges holding tokens on ‘bridges’. Hackers can’t steal cryptocurrency as tokens will get swapped from one consumer’s pockets (on Blockchain A) to their different pockets (on Blockchain B) immediately. The transaction operates with out the necessity for a intermediary or third celebration connector.
Browser extension cryptocurrency wallets reminiscent of MetaMask and Comet can use the SafeSwap change as nicely. Venly wallets, a earlier a part of Arkane community, can even perform with Secure Haven’s new atomic swap platform, SafeSwap. Most supported wallets are multi-blockchain pleasant and intently related to the NFT market.
Ultimately, swaps are carried out close to immediately. There is no such thing as a prolonged ready time. Moreover, there isn’t any potential for a bridge cybersecurity situation, like that which cost Solana and it’s clients a loss of $320-million on February 2nd. The brand new atomic swap makes use of no ‘bridge.’
SHA Token Simply Turned Extra Related
With Secure Haven’s current releases and developments, the SHA token is extra interesting than ever earlier than and new eyes are seeing what the Secure Haven crew is able to.
With SafeSwap’s launch, the dialog for a lot of will merely be “how you can get SHA” to keep away from the annoying gasoline charges of swapping currencies throughout numerous blockchain. Digital entrepreneurs will discover quick benefits on this atomic swap expertise.
At the moment SHA has a market cap of simply over $12-million US {dollars}. In keeping with CoinMarketCap, the Secure Haven token is out there on BiTrue, KuCoin, BitMart, and OceanEx.
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