PactSwap is a decentralized exchange (DEX) built on the Coinweb PACT framework that enables cross-chain swaps of digital assets without using traditional bridges or wrapped tokens. It’s designed to let users trade native assets directly across multiple blockchains in a decentralized, non-custodial environment.
The platform supports trading between major chains including Bitcoin, Ethereum, BNB Chain, Litecoin, TRON, Dogecoin, and Polygon. Its system uses collateralized reactive smart contracts to coordinate trades across otherwise incompatible blockchains. This approach allows PactSwap to execute bridgeless cross-chain swaps efficiently, aiming for high capital efficiency and lower transaction fees than conventional cross-chain bridges.
The goal of PactSwap is to combine the liquidity and trading depth of centralized exchanges with the transparency and security of decentralized finance. By removing the need for wrapped tokens and third-party bridges, PactSwap aims to reduce costs and risks for users, offering faster and more secure asset swaps with up to 95% lower fees compared to older cross-chain solutions.
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Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
