As the USA authorities progresses in direction of regulating cryptocurrency and making it a staple of the world’s strongest economic system, the crypto market remains to be experiencing a stoop. Nonetheless, there’s a shopping for frenzy happening amongst educated traders. “Shopping for the Dip” is a standard phrase seen on varied web entrepreneur boards beneath subjects akin to Bitcoin, Ethereum, Solana, and others. And for such a ‘dip’ within the broader crypto and inventory markets, firms aren’t slowing down on pursuing focused targets.
Cryptocurrency firm, Secure Haven, is a kind 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. Briefly, SafeSwap makes it straightforward for cryptocurrency tasks to deploy their options throughout totally different blockchains. Early public outcomes have confirmed SafeSwap to be dependable and safe.
SafeSwap would be the most safe, actually decentralized, cross-chain swap out there.
Moreover, it’s the primary cross-chain linking expertise for VeChain, a cryptocurrency with a $3-Billion-Greenback market cap and tens of millions of customers.
A Actual Deal Atomic Swap Has Arrived
The rationale for SafeSwap’s present buzz is not only as a result of a brand new product has launched. It’s truly 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) could 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 in depth testing in January and early February of 2022. Outcomes had been shared publicly through crypto information web site, Altcoinbuzz.
As a further safeguard, Secure Haven enlisted the assistance of the world famend cybersecurity group, Red4Sec, to additional show their product. A extra in-depth evaluation of SafeSwap was accomplished, hoping to remove any potential cybersecurity threats.
Benefits of Safeswap For Cryptos & Its Customers
In response to latest 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 occasion connector.
Browser extension cryptocurrency wallets akin to MetaMask and Comet can use the SafeSwap change as effectively. Venly wallets, a earlier a part of Arkane community, may also perform with Secure Haven’s new atomic swap platform, SafeSwap. Most supported wallets are multi-blockchain pleasant and carefully related to the NFT market.
Ultimately, swaps are carried out close to immediately. There isn’t a prolonged ready time. Moreover, there isn’t a potential for a bridge cybersecurity challenge, 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 Grew to become Extra Related
With Secure Haven’s latest releases and developments, the SHA token is extra interesting than ever earlier than and new eyes are seeing what the Secure Haven staff is able to.
With SafeSwap’s launch, the dialog for a lot of will merely be “the best way to get SHA” to keep away from the annoying fuel charges of swapping currencies throughout varied blockchain. Digital entrepreneurs will discover rapid benefits on this atomic swap expertise.
Presently SHA has a market cap of simply over $12-million US {dollars}. Based on CoinMarketCap, the Secure Haven token is accessible on BiTrue, KuCoin, BitMart, and OceanEx.
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