What Is Swapz (SWAPZ)?

Swapz is a platform for executing instant swaps of stablecoins. The platform offers users cross-chain swaps of stablecoins. Cross-chain is a technology that enables exchanges of information and value, thereby improving the interconnection between blockchain networks. Swapz platform provides swaps across all Ethereum Virtual Machine (EVM) compatible blockchains, a computation engine that acts as a decentralized computer.

According to the official website of Swapz, the platform does not require KYC. Swapz allows users to swap stablecoins into different chains, whichever they deem appropriate. The platform offers decentralized trading to crypto traders by connecting all the EVM-compatible chains.

Swapz aims to utilize the future of Web 3.0 consisting of interlinked blockchains, whereby values and information can be exchanged easily. Web 3.0 is the third evolution of internet services for applications and websites that focus on machine-based data recognition and provide a data-driven web.

The User Interface (UI) of Swapz aims to be simple and easy to use. The UI of the platform helps to enable users to recognize profitable trading opportunities. Swapz also has a mobile app that aims to allow traders to trade anonymously and safely.

Reference

1. https://www.swapz.app/#The-More-you-Swap

2. https://101blockchains.com/blockchain-interoperability/

3. https://ethereum.org/en/developers/docs/evm/

4. https://www.investopedia.com/web-20-web-30-5208698

5. https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain

6. https://www.coinbase.com/learn/crypto-basics/what-is-a-stablecoin