• Swing has released a “no-code” product, Swing Platform, to reduce the time needed to deploy and update decentralized applications across multiple blockchains.
• The product is being provided to developers during ETHDenver and can be used for critical scenarios when it’s necessary to disable a particular token or bridge due to a security flaw.
• Cross-chain bridges are frequently targeted by hackers, with Chainalysis estimating the costs of hacks and other thefts from cross-chain bridges at $2 billion during just the first eight months of 2022.
Swing Introduces “No-Code” Product
Swing, a cross-chain liquidity protocol, has released a new “no-code” product that aims to reduce the amount of time needed for deploying and updating decentralized applications across multiple blockchains. The new product, called Swing Platform, will be provided to developers during ETHDenver – a major conference for Ethereum developers – as stated in their press release.
Benefits of Swing Platform
The key benefit of this new product is that developers can now update configurations and deploy updates without changing any code. This is particularly useful in critical scenarios when it’s necessary to disable a particular token or bridge due to some kind of security flaw as it allows swift action on such matters by nontechnical team members.
Increasing Popularity of Cross-Chain Applications
Decentralized applications that straddle multiple blockchains have become increasingly popular lately; however, these cross-chain solutions are often targeted by hackers which leads to costly losses. Chainalysis estimated that in the first 8 months of 2022 alone there were $2 billion worth of losses due solely from hacks and thefts from cross-chain bridges.
Swing Founder’s Statement
Viveik Vivekananthan – founder of Swing – commented on the launch saying: “Launching and maintaining a cross-chain application is generally fraught with risk and off-limits to all but the best funded developer teams”. He went on further explaining how Swing Platform offers an easier way for these kinds of tasks by providing no code solution which makes changes faster than ever before.
Conclusion
The release of this no code platform shows how serious Swing is about making cross chain integration simpler so more projects can take advantage its many benefits while also reducing risk associated with security flaws as they arise.