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COINTURK NEWS > Altcoin News > What is Anyswap Coin?
Altcoin News

What is Anyswap Coin?

In Brief

  • Anyswap, launched in July 2020, is a fully decentralized protocol designed to enable token transactions across various platforms.

COINTURK NEWS
COINTURK NEWS 2 years ago
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Anyswap, launched in July 2020, is a fully decentralized protocol designed to enable token transactions across various platforms.

Anyswap (ANY) Overview

Anyswap is part of a network that facilitates cross-token transactions within the DeFi space, deriving its system strength from ECDSA Signature Support. A vast majority of cryptocurrencies, exactly 95%, including XRP, Litecoin, and Tether, have integrated Anyswap into their systems.

Supported by Fusion’s Decentralized Control Rights Management (DRCM) technology, Anyswap enhances the management of token flow across blockchains.

Anyswap is supported by Fusion. The Fusion Network employs a process known as “private key sharding,” where the private key is split into several bits managed by various network nodes to ensure asset security. The different parts of the private key are never combined during transfers or transactions to increase security.

Furthermore, the smart contracts on Anyswap are open source, which is a security-enhancing factor through individual audits. The open-source nature of Anyswap is crucial as it simplifies the verification of a platform’s decentralization. One of the significant features of Anyswap is that it opens the way for users to effectively engage in cryptocurrency transactions instantly.

ANY token holders are also given the freedom to determine the most suitable cryptocurrencies to be listed on its decentralized exchange, Anyswap DEX.

In addition, Anyswap was founded by DJ Qian, an abbreviation for Dejun Qian. Qian has founded several companies throughout his career and is also the CEO of Fusion, a blockchain interoperability solution, and co-founder of WeDeFi and QTUM.

Qian began his journey in the industry in 2013, starting with the development of ASIC chips for Bitcoin mining. Consequently, Qian became the first person to set up a mining farm in China.

How to Buy Anyswap Coin?

ANY Coin can be quickly and securely purchased through the world’s largest cryptocurrency trading platform, Binance.

To buy ANY Coin, one must first register with Binance and then send fiat currency, such as dollars. Once the fiat is deposited, ANY Coin can be purchased in the Bitcoin (BTC), BUSD, and Tether (USDT) ANY trading pairs.

 

In addition to market-value purchases, users at Binance can also place orders at lower values using the Limit tab, simply by entering the desired amount and price.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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