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.
Read More: Web3 Developer Platform Alchemy Releases Transaction Simulation Product
