(https://i.imgur.com/USBP6yC.jpg) (https://medium.com/kucoinexchange/what-is-swingby-swingby-and-how-does-it-work-kucoin-crypto-gem-observer-4bcf9c500f52)
As more and more blockchains are created and rise to prominence, we are faced with a dilemma. There is no ‘one blockchain to rule them all’ in any sense, so there has always been a need to swap between them to access the different chains as needed. Interoperability between blockchains would bring great value to the whole crypto market, and so many people are looking to find a solution.
Swingby saw an opportunity to build a protocol that greatly reduces the burden of inter-blockchain token swapping, using decentralized, trustless bridges. With numerous applications, especially in DeFi, there is a great need for services such as these, which makes Swingby an interesting case study.
Details: https://medium.com/kucoinexchange/what-is-swingby-swingby-and-how-does-it-work-kucoin-crypto-gem-observer-4bcf9c500f52