AnySwap

Anyswap )now MultiChain) is an entirely distributed protocol that was launched in July 2020 to enable tokens to be swapped from various platforms.

It’s one of a number of networks that have entered the DeFi space to facilitate cross-token swaps and trading.

The system obtains its strength from its ECDSA Signature Support.

An overwhelming majority of cryptocurrencies — 95% of them to be exact — have incorporated Anyswap, including the likes of XRP, Litecoin and Tether.

Also backed by Fusion’s Decentralized Control Rights Management (DRCM) technology, Anyswap is able to better manage the flow of movement of tokens between blockchains.

‍

What Makes Anyswap Unique?

Anyswap is powered by Fusion. The Fusion Network uses a process known as private key sharding — where the private key is split up into several bits and managed by various network nodes — to guarantee assets are safe.

The different parts of the private key are never combined during transfers or trading to boost security.

Smart contracts on Anyswap are open source, a factor which enhances security using individual audits.

The open-source nature of Anyswap is important because it makes it easier to verify whether a platform is decentralized. One of the most important features of Anyswap is that the token paves the way for users to exchange cryptocurrencies with immediate effect.

The ANY token also enables holders the freedom to determine which coins are most appropriately suited to be listed on the Anyswap DEX, its decentralized exchange.

‍

‍

‍