Discuss  Atomic Swaps

ELI5 Atomic SwapsELI5 Atomic Swaps
2018-11-08 19:21:40   Discuss  Atomic swaps provide a way for two cryptocurrencies to be exchanged using one blockchain and without a trusted 3rd party involved. In computer lingo, "atomic" means something that either happens fully or does not happen at all. An "atomic swap", therefore, is a cryptocurrency swap operation that either completes successfully or everything is rolled back and money is returned to both parties. Implementation An atomic swap can be implemented using a smart contract. This contract would be activated ... Continue reading.

What Are Atomic Swaps The Most Comprehensive Guide Ever! What Are Atomic Swaps  The Most Comprehensive Guide Ever!
January 17, 2019 4:08 PM Discuss 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.
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What Are Atomic Swaps | CryptoCompare What Are Atomic Swaps  | CryptoCompare
December 23, 2018 2:18 PM Discuss 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).
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