Since on-chain atomic swaps were first proposed back in 2013 it's been an incredibly tough journey to get to the first real world transaction. Let's talk a bit more about what atomic swaps are, how they work, and what it means for cryptocurrency traders.
What does on-chain atomic swap mean?
Atomic swaps are a protocol that allows two parties who don't trust each other to exchange ownership of assets on two different blockchains without a third party such as a cryptocurrency exchange. The word atomic means that the exchange either fully happens, or it is fully reverted, meaning that there is no such situation when one party claims the assets and then does not follow up with their part of the trade.
Read the full story here
@originalworks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The @OriginalWorks bot has determined this post by @rados to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To nominate this post for the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
For more information, Click Here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @rados! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of comments received
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @rados! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Award for the number of upvotes
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit