Security

Is Swapsats safe to use?

1. Multilayered Multisig

   Swapsats takes security and functionality in Bitcoin DeFi to a new level by combining the strengths of two technologies:

   • MPC (Multi-Party Computation): This advanced cryptography allows Swapsats to distribute key signing duties without compromising security.

   • Native Bitcoin Multisig: This leverages the security benefits of requiring multiple approvals for transactions on the Bitcoin blockchain.

   In simpler terms, Swapsats offers a secure and feature-rich way to participate in DeFi using Bitcoin.

2. Regular Audits

   Swapsats prioritises user trust by undergoing regular security audits with Certik, a leading blockchain security firm. These audits will be made publicly available and include:

A breakdown of all assets held by Swapsats (total amounts).

Detailed records of outgoing transactions.

Identification of any potential bugs or vulnerabilities in the code.

The first audit report is expected to be published soon and will be accessible here . https://skynet.certik.com/projects/swapsats