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Security

PreviousLiquidity providers & validatorsNextUser Guide

Last updated 1 year ago

At bitoftrade, we prioritize the utmost security for our cross-chain swap protocol. To ensure the safety of funds locked in the protocol pools, we employ a highly advanced and efficient cryptographic technique known as 'Threshold Signatures'. This approach allows for a reasonable number of validators, striking a balance between security and transaction costs for the end user.

By utilizing Threshold Signatures, we can maintain the integrity and confidentiality of transactions while reducing the burden of high transaction fees. This cryptographic technique enables the protocol to guarantee the security of funds locked within the protocol pools, providing users with peace of mind during cross-chain swaps.

In addition to the implementation of advanced cryptographic measures, we have also subjected our smart contracts to rigorous security audits. These audits have been conducted by a third-party security firm to identify and address any potential vulnerabilities. Our commitment to security means that we have taken proactive steps to fortify our smart contracts and ensure the overall robustness of our cross-chain swap protocol.

By combining the employment of Threshold Signatures with comprehensive security audits, we aim to provide users with a secure and reliable platform for conducting cross-chain swaps. Rest assured, we remain dedicated to upholding the highest security standards to protect your assets and enable smooth and worry-free transactions.

Please note that while we take extensive measures to ensure security, it is always advisable to exercise caution and conduct due diligence when engaging in any financial transactions.

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