Swingby Integrates Chainlink Proof Of Reserve

Twitter icon  •  Published 1 week ago  •  Hassan Maishera

Chainlink announced via Twitter on Tuesday that Swingby, a protocol for cross-chain bridging and swaps, has integrated the Chainlink Proof of Reserve on the Ethereum mainnet.

Chainlink announced via Twitter on Tuesday that Swingby, a protocol for cross-chain bridging and swaps, has integrated the Chainlink Proof of Reserve on the Ethereum mainnet. 

Swingby said by integrating Proof of Reserve, its Skybridge can check that the amount of Bitcoin custodied in the reserves wallet matches the number of Wrapped Bitcoin (WBTC) tokens on Ethereum.

Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down by 1% over the past 24 hours and is trading at $7.777 at press time.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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