Blockchain
Swing, a cross-chain liquidity protocol, 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, according to a press release. A key benefit is that developers can update configurations and deploy updates without changing the code.
Use cases for the 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,” the company said.
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. Chainalysis, a blockchain security firm, estimated the costs of hacks and other thefts from cross-chain bridges at $2 billion during just the first eight months of 2022.
The Swing Platform ostensibly could speed up the time to respond to a security incident – say if something happened outside of ordinary working hours, and non-technical team members could act.
“Launching and maintaining a cross-chain application is generally fraught with risk and off-limits to all but the best-funded developer teams,” Swing founder Viveik Vivekananthan said in the press release. “Swing Platform drives down the barriers to creating a cross-chain dApp, freeing devs to focus on their core product without getting side-tracked by cross-chain configurations and app updates.”
