Cointelegraph by Ezra Reguerra
2024-09-18 04:02:58
cointelegraph.com
Decentralized exchange (DEX) 1inch revealed a new feature that allows users to swap their digital assets cross-chain while retaining self-custody of the assets.
The “Fusion+” feature combines both onchain and offchain liquidity to deliver swaps. The DEX claims the feature has built-in protection against maximal extractable value (MEV) attacks.
The feature is powered by atomic swap technology, which, according to 1inch, is designed to support “all-or-nothing” transactions. If a swap fails, all the funds are returned to the sender.
The swaps are also governed by smart contracts, verifying all the swap conditions. This means the transfers are trustless and do not need third-party approvals.
This is a developing story, and further information will be added as it becomes available.
Support Techcratic
If you find value in Techcratic’s insights and articles, consider supporting us with Bitcoin. Your support helps me, as a solo operator, continue delivering high-quality content while managing all the technical aspects, from server maintenance to blog writing, future updates, and improvements. Support Innovation! Thank you.
Bitcoin Address:
bc1qlszw7elx2qahjwvaryh0tkgg8y68enw30gpvge
Please verify this address before sending funds.
Bitcoin QR Code
Simply scan the QR code below to support Techcratic.
Please read the Privacy and Security Disclaimer on how Techcratic handles your support.
Disclaimer: As an Amazon Associate, Techcratic may earn from qualifying purchases.