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California City, USA, twelfth January, 2022, Chainwire
FairySwap efficiently accomplished its first CertiK.io good contract audit, working with the industry-leading agency to optimize safety.
FairySwap is the primary decentralized trade (DEX) to launch on the Findora blockchain, creating an modern new kind of DEX that’s privacy-focused and front-running resistant.
DEXs face a lot of challenges. Using public blockchains like Ethereum implies that consumer information is public. Wallet addresses, transaction quantities, transaction dates, asset varieties – these are all seen to anybody who appears to be like.
This creates vulnerabilities that hackers, miners, and rich merchants typically exploit. Miner Extractable Value (MEV) is an assault the place miners will arbitrarily rearrange transactions in a block to present themselves higher trades. Hackers detect transactions earlier than they totally execute in order to leap in and steal the worth the unique dealer needed.
These assaults have value customers over 761 million USD in the final two years, and have made Ethereum an adversarial surroundings that some have known as a “darkish forest.”
In the midst of that forest is FairySwap, a secure place the place merchants from many various blockchains can conduct enterprise with out broadcasting their actions. Using the zero-knowledge proof basis supplied by Findora, FairySwap provides merchants secret on-chain identities to make their information publicly verifiable with out making it public.
FairySwap is a multi-chain DEX that helps tokens in many various crypto ecosystems. Findora’s highly effective EVM makes it an ideal surroundings for cross-chain swaps, and its groundbreaking privateness expertise might permit customers to cross regional KYC necessities without having to disclose any private information.
The CertiK partnership helps maintain FairySwap secure from direct assaults as effectively. FairySwap’s ongoing collaboration with CertiK.io will consequence in an excellent safer surroundings for merchants on this first-of-its-kind privateness DEX.
CertiK is acknowledged as a number one blockchain auditing agency, trusted tasks like Polygon, Binance, and PancakeSwap. Its thorough, formal, and dependable verification instruments and high-security requirements make it a obligatory accomplice for any DEX. Leveraging probably the most superior safety expertise, it protects thousands and thousands of customers from hacks and malfunctions.
With elevated safety for its customers, FairySwap leads the way in which in non-public finance – or PriFi – the most recent development for DeFi buying and selling.
FairySwap is a next-generation DEX, powered by zero-knowledge proofs, that’s centered on privateness, front-running resistance, and neighborhood participation. 100% of all tokens will probably be given to the neighborhood via liquidity mining, advertising promotions, and different rewards, leaving none to be unfairly allotted to enterprise capitalists or insiders. Providing quick trades with low charges in true privateness – that’s the magic of FairySwap!
To study extra, go to https://www.fairyswap.finance/about
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