PANews December 3 news, according to The Block report, Safe (formerly Gnosis Safe) has launched Safenet, a transaction processor network designed to allow users to manage assets across multiple blockchains. The goal of Safenet is to achieve instant cross-chain transactions with execution guarantees, meeting the needs of users who require fast and secure asset transfers across different networks.
Safenet itself is not a blockchain, but rather a meta-protocol serving as a connecting layer that interacts with any blockchain through a single user account. Therefore, the project aims to address key challenges in DeFi, such as fragmented liquidity and the complexity of managing cross-chain transactions.