Layerswap V8 Protocol
Security
Key security details of the V8 protocol
- Homogeneous Security: The protocol establishes consistent cryptographic security for all permissionless participants. Security attributes remain unchanged when adding new networks or liquidity providers.
- Battle Tested: The core technology of Atomic Swaps (HTLC) is successfully used in production for the Lightning Network.
- No Pools: No single contract holds large amounts of funds, reducing the risk of being targeted by attackers.
- Immutability: The contracts are immutable, eliminating the risks associated with upgrades.
- Simplicity: PreHTLC contracts are straightforward locking mechanisms, typically consisting of about 200 lines of code in any smart contract language.
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