Atomic SWAP
Atomic SWAP (Simple Workflow for Atomic Trades) is a decentralized trading technology that allows two parties to exchange different cryptocurrencies directly between blockchains without requiring trusted intermediaries or centralized exchanges.
Key Features
- Trustless execution
- Cross-chain compatibility
- No intermediary required
- Time-locked contracts
How It Works
- Contract Creation
- Time-locked smart contracts
- Hash-locked conditions
- Cross-chain verification
- Exchange Process
- Simultaneous execution
- Automatic verification
- Fail-safe mechanisms
Advantages
- Reduced counterparty risk
- Lower trading fees
- Enhanced privacy
- Decentralized trading
Use Cases
- Cross-chain trading
- Peer-to-peer exchanges
- Decentralized markets
- Asset swaps
Related Terms
- Hash Time-Locked Contract (HTLC)
- Cross-chain Trading
- Decentralized Exchange (DEX)
- Smart Contract
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