Description
Arwen is a blockchain technology platform aimed at enhancing the security of cryptocurrency trading on centralized exchanges through self-custody, allowing users to control their private keys during trading activities. By adopting Arwen's protocols, exchanges can offer secure trading environments, mitigating the risk of asset loss due to hacks. The platform employs blockchain-based escrows and atomic swaps, leveraging both layer 1 and layer 2 technologies for direct, secure, and efficient trading from a user's wallet, hence reducing counterparty risks. Arwen, which was rebranded from Commonwealth Crypto, is in the testnet phase, providing a non-custodial trading protocol that ensures users do not risk losing cryptocurrency—even if an exchange is compromised. This initiative significantly contributes to safer trading practices in the web3 and blockchain ecosystem by eliminating the need for transactional trust and enhancing trading security and efficiency.
Arwen is a blockchain technology platform aimed at enhancing the security of cryptocurrency trading on centralized exchanges through self-custody, allowing users to control their private keys during trading activities. By adopting Arwen's protocols, exchanges can offer secure trading environments, mitigating the risk of asset loss due to hacks. The platform employs blockchain-based escrows and atomic swaps, leveraging both layer 1 and layer 2 technologies for direct, secure, and efficient trading from a user's wallet, hence reducing counterparty risks. Arwen, which was rebranded from Commonwealth Crypto, is in the testnet phase, providing a non-custodial trading protocol that ensures users do not risk losing cryptocurrency—even if an exchange is compromised. This initiative significantly contributes to safer trading practices in the web3 and blockchain ecosystem by eliminating the need for transactional trust and enhancing trading security and efficiency.
