What Are Atomic Swaps  The Most Comprehensive Guide Ever! What Are Atomic Swaps The Most Comprehensive Guide Ever!
Atomic Swaps has the potential of completely revolutionizing the money transfer system in the crypto world. To put it in simple terms, atomic swaps will enable people to directly trade with one another wallet-to-wallet. Since 2012, the concept of a trustless, peer-to-peer cryptocurrency has been a pretty hot topic. In July 2012, a developer by the name of Sergio Demian Lerner created the first draft of a trustless exchange protocol. The idea was pretty appealing, however, it wasn't really fleshed out. The breakthrough in atomic swap research happened around May 2013, when TIer Nolan provided the first full account of a procedure for atomic swaps. Tier Nolan is widely credited as the inventor of atomic swaps. This piece was first seen by us on January 17, 2019 4:08 PM. Share this content on social media: Visit blockgeeks.com for complete listings from this source. Leave a Comment

What Are Atomic Swaps  | CryptoCompare.com What Are Atomic Swaps | CryptoCompare.com
CryptoCompare needs javascript enabled in order to work. Follow these instructions to activate and enable JavaScript in Chrome. This is a guest post provided by Bisola Asolo from MyCryptopedia - Click here to visit MyCryptopedia.com Atomic swaps, or atomic cross-chain trading, is the exchange of one cryptocurrency to another cryptocurrency, without the need to trust a third-party. A relatively new piece of technology, atomic cross-chain trading is looking to revolutionize the way in which users transact with each other. For example, if Alice owned 5 Bitcoins but instead wanted 100 Litecoins, she would have to go through an exchange, i.e. a third-party. However, with atomic swaps, if Bob owned 100 Litecoins but instead wanted 5 Bitcoins, then Bob and Alice could make a trade. In order to prevent, for example, Alice accepting Bob's 100 Litecoins but then failing to send over her 5 Bitcoins, atomic swaps utilizes what is known as hash time-locked contracts (HTLCs). This item was retrieved by us on December 23, 2018 2:18 PM. Share this content on social media: You may want to visit www.cryptocompare.com for more similar content. Leave a Comment

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