Hybrid cryptocurrency exchange C3 announces public mainnet launch
The mixed cryptocurrency exchange C3.io announced the launch of its public mainnet. The team stated that the "self-custody method of the project can ensure that users control their funds, enhance security, and reduce bankruptcy risks." In addition, C3.io has passed two Halborn audits and offers rewards of up to $100,000 for vulnerabilities.
According to the project documentation, C3's on-chain components consist of two smart contract applications, namely the cross-collateral liquidation engine and health calculator, which are deployed on the Algorand blockchain and serve as the settlement layer for C3. In order to integrate balances, C3 uses the Wormhole cross-chain interoperability protocol to handle deposits and withdrawals of its on-chain components.
Disclaimer: everything in the article represents the author's point of view and has nothing to do with this platform. This article is not intended to be used as a reference for making investment decisions.