Anyswap is an entirely distributed protocol that was launched in July 2020 to enable tokens to be swapped from various platforms.

Its one of a number of networks that have entered the DeFi space to facilitate cross-token swaps and trading.

The system obtains its strength from its ECDSA Signature Support.

An overwhelming majority of cryptocurrencies — 95% of them to be exact — have incorporated Anyswap, including the likes of XRP, Litecoin and Tether.

Also backed by Fusions Decentralized Control Rights Management (DRCM) technology, Anyswap is able to better manage the flow of movement of tokens between blockchains.

Anyswap is powered by Fusion. The Fusion Network uses a process known as private key sharding — where the private key is split up into several bits and managed by various network nodes — to guarantee assets are safe.

The different parts of the private key are never combined during transfers or trading to boost security.

Smart contracts on Anyswap are open source, a factor which enhances security using individual audits.

The open-source nature of Anyswap is important because it makes it easier to verify whether a platform is decentralized. One of the most important features of Anyswap is that the token paves the way for users to exchange cryptocurrencies with immediate effect.

The ANY token also enables holders the freedom to determine which coins are most appropriately suited to be listed on the Anyswap DEX, its decentralized exchange.

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When it comes to the maximum supply possible, Anyswaps supply cannot exceed 100 million. It has a circulating supply of roughly more than 17 million. The initial supply of ANY was 15 million, including 5 million in initial liquidity provision upon the launch of the platform. The remaining 10 million was earmarked for the community and ecosystem to increase Anyswaps user base, among other things.

Anyswap will support all ERC-20 tokens, meaning it is based on the Ethereum blockchain.

There are several exchanges which enable purchases of Anyswap. These include Hotbit, 1inch and SushiSwap. Read more about how to convert fiat currencies to crypto here.

Anyswap is a decentralized protocol launched in July 2020 to facilitate token swaps across various platforms.

It is part of the growing DeFi ecosystem and leverages ECDSA Signature Support for its strength.

With the majority of cryptocurrencies, including XRP, Litecoin, and Tether, incorporating Anyswap, it enables seamless movement of tokens between blockchains.

Backed by Fusion's Decentralized Control Rights Management (DRCM) technology, Anyswap ensures efficient token flow management.

Anyswap stands out with its integration of Fusion Network, which utilizes private key sharding to enhance asset security.

By keeping the different parts of the private key separate during transfers and trading, Anyswap ensures maximum security.

The platform's open-source smart contracts undergo individual audits, further enhancing security.

Additionally, Anyswap's decentralized nature enables immediate cryptocurrency exchanges and empowers ANY token holders to influence the listing of coins on the Anyswap DEX.

Anyswap has a maximum supply limit of 100 million ANY coins. Currently, there are over 17 million ANY coins in circulation.

During the platform launch, the initial supply included 15 million ANY coins, with 5 million allocated for liquidity provision. The remaining 10 million was dedicated to community growth and expanding Anyswap's user base.

Anyswap operates on the Ethereum blockchain and supports all ERC-20 tokens, ensuring security through the Ethereum network's robust infrastructure.

Anyswap can be purchased on various exchanges, including Hotbit, 1inch, and SushiSwap. To learn more about converting fiat currencies to crypto, refer to our guide here.