Decentralized exchange aggregator 1inch Network has announced a partnership with Web3 security company Blockaid to strengthen security by introducing the 1inch Shield API. 🛡️ The API is a security tool that works 24/7 to monitor blockchain addresses, blocking any suspicious addresses identified during the verification process.
API Shield will be gradually integrated into 1inch products. It is currently available through the 1inch Developer Portal along with a suite of other Web3 developer tools.
Blockaid functions like a Web3 antivirus, using data and machine learning to detect and mitigate malicious threats. When connecting users' wallets to sign transactions, Blockaid offers detailed previews of transaction outcomes.
1inch Network is a DeFi platform offering many blockchain-based products and services. 1inch Network recently deployed its 1inch aggregation protocol and limit order protocol on the Ethereum Layer 2 network, ZKsync Era. 🌐