1inch Coin Network (1INCH)

1inch Coin stands out as a decentralised exchange aggregator committed to delivering traders the most favourable prices and minimal transaction fees. Positioned within the decentralised finance (DeFi) ecosystem, decentralised exchanges (DEXs) like 1inch coin facilitate the peer-to-peer exchange of crypto assets without the involvement of intermediaries. This decentralised nature allows traders to retain control over their funds, eliminating the need to disclose personal identifying information.

1inch Coin addresses this challenge by actively collecting real-time pricing data from diverse DEXs, enabling traders to pinpoint the most advantageous market prices seamlessly. This approach alleviates the necessity for manual comparison of prices across multiple exchanges, offering traders a streamlined experience within a singular platform.

1inch Coin data aggregation spans prominent exchanges like Uniswap, SushiSwap, 0x, Kyber Network, and Balancer. By consolidating information from these sources, 1inch Coin empowers traders with a comprehensive view of the market, facilitating informed decision-making and optimising trading opportunities.

Who are the Founders of 1inch Coin?

Founded by Sergej Kunz and Anton Bukov during the ETHGlobal New York hackathon in May 2019, the 1inch Coin Network emerged from a shared passion for decentralised finance (DeFi) and a history of successful collaboration. Their journey began when Kunz and Bukov crossed paths during a live stream on Kunz's YouTube channel, CryptoManiacs, leading them to join forces in participating in hackathons. This collaboration proved fruitful, securing them a prize at a hackathon in Singapore and earning two prestigious awards from ETHGlobal.

Prior to their foray into 1inch coin, Sergej Kunz brought a wealth of experience as a senior developer at Commerce Connector, specialising in product price aggregation. His diverse background also encompassed roles at Herzog communication agency, Mimacom consultancy, and a stint at Porsche focusing on DevOps and cybersecurity.

Anton Bukov, with a software development career dating back to 2002, has been immersed in decentralised finance since 2017. His notable projects included contributions to gDAI.io and involvement with the NEAR Protocol. Together, Kunz and Bukov's unique expertise and shared dedication to DeFi laid the foundation for the 1inch coin Network, positioning them as innovative leaders in the decentralised trading landscape.

What makes 1inch Coin unique?

The distinctive qualities of the 1inch coin Network position it as a standout player in the decentralised finance (DeFi) landscape. Beyond providing users with access to the deepest liquidity spanning multiple sources across diverse blockchains, the network stands out for its commitment to offering attractive prices and maintaining an exemplary level of security. Notably, the 1inch coin Network has achieved the status of being the most audited project in DeFi, underscoring its dedication to robust security protocols.

A significant enhancement introduced in late 2022, known as Fusion mode, sets the 1inch coin Network apart. This innovative feature empowers users to exchange tokens across various decentralised exchanges (DEXes) without incurring any network fees, ensuring they secure the most favourable rates available in the market. Moreover, in Fusion mode, professional traders executing users' orders employ sophisticated and efficient measures to shield trades from Miner Extractable Value (MEV) concerns. This strategic approach not only prioritises user convenience but also alleviates any worries related to MEV, reinforcing the 1inch coin Network's commitment to delivering a seamless, secure, and cost-effective decentralised trading experience for its users.

Network Security of 1inch Coin

The security architecture of the 1inch Coin Network is robust and prioritises user protection through a non-custodial framework. All trades occur within a single transaction initiated from the user's wallet, ensuring a seamless and secure experience across various supported blockchains and layer-2 networks.

Adding an extra layer of security, the technical structure of all 1inch coin protocols is designed to provide users with a high level of assurance. Notably, the 1inch coin Aggregation Protocol accommodates liquidity sources without jeopardising user funds, even when integrating potentially insecure sources. The protocol incorporates rigorous security checks at every transaction stage to prevent any potential losses. Impressively, the 1inch coin Network integrates over 240 liquidity sources as of July 2022, further enhancing its capability to offer users optimal trading opportunities.

To fortify its security measures, 1inch coin subjected its smart contracts to thorough audits by industry-leading audit teams. Recognized names such as OpenZeppelin, Consensys Diligence, SlowMist, Haechi Labs, CoinFabrik, Certik, Hacken, Scott Bigelow, MixBytes, and Chainsulting have meticulously reviewed and validated the security of 1inch coin smart contracts. This extensive audit process reflects the network's unwavering commitment to ensuring the integrity and safety of user funds within the decentralised trading environment.