Established in 2018, Swingby Labs emerged from a collaboration of passionate crypto enthusiasts dedicated to creating pathways for integrating Bitcoin with diverse blockchains.
At the core of Swingby's innovation lies its bridge protocol, Skybridge, which constructs trustless connections between Bitcoin, Ethereum, Binance Chain, and other blockchains. Secured by a network of nodes, Skybridge facilitates swift token swaps through layer 2 'multi-party computing' technology. This empowers users to seamlessly transfer Bitcoin tokens across Bitcoin, Ethereum, and Binance Chain blockchains without the need for a central custodian, thereby unlocking a realm of DeFi functionalities like liquidity pooling and DEX trading, all with a user-friendly interface.
With Swingby's testnet bridge boasting over $14 Billion in testnet BTC capital transacted between Bitcoin and Binance Chain blockchains, its decentralized infrastructure has undergone rigorous testing in live, high-volume scenarios. For detailed technical insights into Skybridge, refer to the technical documentation available at https://skybridge-docs.swingby.network.
Looking ahead to early 2021, Swingby is poised to launch its Ethereum MainNet, bridging Bitcoin into an ecosystem already hosting $750MM in Bitcoin capital locked up in DeFi contracts. Strengthening its ecosystem through strategic partnerships with projects like Elrond, Waves, and Kira Protocol, Swingby endeavors to extend its reach to additional chains and ventures, prioritizing support where it can deliver the most value.
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