Atomic swaps are a kind of inter-ledger transaction from one blockchain to another without the use of a third party or exchange. Instead, they rely on either notaries, relays, or hash-locking. Some platforms aim to have this available directly and additionally some functionality can be provided through the use of Plasma or the Lightning Network. There are also some upcoming technologies aimed to provide these kind of cross-chain interactions, such as polka dot. Vitalik Buterin has written an excellent report on chain interoperability (https://www.r3.com/wp-content/uploads/2017/06/chain_interoperability_r3.pdf). What gets really interesting in when this is done with few transaction steps; digital assets become extremely portable when they are able to move freely across chain networks. In a way, atomic swaps are like bridges or roads connecting different communities together.
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