Blockchains Supported By SafeSwap V1

Posted on Wednesday 16 March 2022 at 18:14 Announcements

Lately we’ve been sharing a lot of insights about what SafeSwap is and how it works. We’ve also listed 10 benefits of how builders and users can profit from using SafeSwap.

But, if you’re about to use SafeSwap for cross-chain interoperability, you might be wondering what blockchains are available to you and between which blockchains you can perform atomic swaps.

Let’s take a look.

What Type Of Blockchains Are Supported By SafeSwap V1?

SafeSwap V1 works with blockchains based on Ethereum Virtual Machine (EVM).

Additional blockchains will be added over time, beginning with a larger pool of Ethereum Virtual Machine-based protocols.

Non-EVM blockchains or specifically requested blockchains, will be added at the discretion of Safe Haven and/or partnership organizations.

Please feel free to reach out to us to discuss your requests.

Supported Blockchains of SafeSwap V1

As you already know, SafeSwap V1 will focus on EVM based blockchains.

Here’s our list of currently compatible chains:

vechain

vechain, the world’s leading blockchain application platform driven by Enterprise Adoption. The vechain Blockchain leverages the Proof of Authority Consensus Model, providing a solid foundation for decentralized applications looking to build on a blockchain that requires low computational power; no required communication between nodes; and is optimized for system continuity.

Tokens on vechain, swappable through SafeSwap

vechain wallets compatible with SafeSwap

Ethereum

Ethereum is a public blockchain platform created by Vitalik Buterin. Along with tracking cryptocurrencies, Ethereum is additionally intended to execute program codes of different decentralized applications (DApps). These codes are known as smart contracts. Ethereum smart contracts are interchangeably used with Blockchain smart contracts.

Tokens on Ethereum, swappable through SafeSwap

Ethereum wallets compatible with SafeSwap

Binance Smart Chain

Binance Smart Chain is a platform that aims to lower transaction costs and provide a space to create DApps and other DeFi products. Binance Smart Chain (BSC) is an innovative solution to bring programmability and interoperability to Binance Chain (BC).

Binance Smart Chain relies on a system of 21 validators with Proof of Staked Authority (PoSA) consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.

While it runs in parallel with Binance Chain, Binance Smart Chain is a standalone blockchain. This means that even if Binance Chain stops operating, Binance Smart Chain will continue to run its technical and business functions.

Smart contracts, which are Ethereum-compatible, are supported by Binance Smart Chain. Through this feature, developers can build or migrate DApps, tools and other ecosystem components on the BSC network without much friction.

Tokens on Binance Smart Chain, swappable through SafeSwap

Binance Smart Chain wallets compatible with SafeSwap

Polygon

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem. Polygon is a “layer two” or “sidechain” scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network’s native cryptocurrency, which is used for fees, staking, and more.

Tokens on Polygon, swappable through SafeSwap

Polygon wallets compatible with SafeSwap

Blockchain Project Owner?

SafeSwap V1 will be supporting EVM chains like vechain, Ethereum, Binance Smart Chain and Polygon/Matic. If you’re a blockchain project owner and you’re feeling the need to take your project cross-chain, get in touch with us via our contact page, we might be able to help each other out and add value to each other’s project!

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