A Web3 developer platform company called Alchemy recently unveiled a new “Transaction Simulation” product that aims to simplify the process of initiating and sending cryptographic transactions.
Blockchain users will lose close to USD 5 billion to scams in 2022, according to a report recently published by Chainalysis, a Blockchain analysis company. According to Alchemy, its simulation kit aims to create a kind of safety mechanism that enables users to confirm their transaction data is accurate and that the transaction is being sent to the appropriate location.
According to Bastien Moyroud, a product engineer at Alchemy, creators will have “the tools to incorporate simulation in their products.” To “empower users to have more visibility in terms of what’s happening,” Moyroud continued.
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