Safe unveils on-chain security protocol Safenet

Safe (SAFE), an on-chain digital asset custody protocol, has announced the launch of Safenet, a decentralized protocol that verifies transaction security on-chain before execution, according to a post on X. Safenet is designed to have its network analyze user-requested transactions in real-time to generate a cryptographic proof, which is then verified on-chain by a safeguard. If a transaction is deemed risky, its execution is restricted, requiring explicit approval and a time delay to proceed. The protocol does not directly control the wallet but serves as a protective layer against external attacks.