• Swing, a cross-chain liquidity protocol, has released a new “no-code” product to 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 and can update configurations and deploy updates without changing the code.
• Chainalysis estimated the cost of hacks and other thefts from cross-chain bridges at $2 billion during just the first eight months of 2022.

Swing’s No-Code Product to Speed Up App Deployment

Decentralized 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. 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.

Features of Swing Platform

The new product, Swing Platform, will be provided to developers during ETHDenver, a major conference for Ethereum developers. A key benefit is that developers can update configurations and deploy updates without changing the code. Use cases for this 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,” according to Swing.

Costs of Cross-Chain Bridge Hacks

Chainalysis estimates that costs of hacks and other thefts from cross-chain bridges amounted up to $2 billion during just the first eight months of 2022. This emphasizes how important it is for companies using these devices have quick response times in order protect their assets from theft or damage due to security flaws. With no coding required when using Swing Platform this could significantly speed up response times compared traditional methods where coding must be done manually every time an incident arises.

Benefits of Using Swing Platform

Viveik Vivekananthan founder of Swing said “Launching and maintaining a cross-chain application is generally fraught with risk and off limits too all but best funded developer teams” suggesting that this platform would greatly benefit smaller businesses who may not have access or resources for expensive development teams as well as reducing costs by not having too hire additional personnel specifically for such tasks as maintenance or configuration updates.

Conclusion

Swing’s no code platform offers great potential for businesses looking into deploying decentralized apps across multiple blockchains with its cost benefits as well as speed capabilities making it an attractive option for many organizations looking into these services