This week the platform Altcoin.io Exchange has announced the alpha release of its atomic swap wallet with a working GUI available for public testing. The company’s founder, Andrew Gazdecki, believes the technology has the potential to disrupt every centralized exchange currently used by the cryptocurrency community.
Altcoin.io Launches Alpha Atomic Swap Wallet for Bitcoin and Ethereum
During the first week of October, news.Bitcoin.com reported on the successful bitcoin and ethereum atomic swap completed by the Altcoin.io Exchange development team. There’s been a lot of atomic swap action happening lately between currencies like bitcoin, zcash, decred, bitcoin cash, and others as the technology is a fairly hot topic. For instance, yesterday Lightning Labs developer, Elizabeth Stark, announced her company performed the first atomic swap between litecoin and bitcoin testnets.
However, most of the atomic swap protocols so far, including yesterday’s LTC<>BTC swap,has been done with a command line, and the process is pretty technical. Altcoin.io’s CEO Andrew Gazdecki says the company’s alpha wallet is the first user-friendly interface that can swap ethereum and bitcoin with ease.
Testing Out the Wallet With Testnet Coins
News.bitcoin.com tested the wallet using two different browsers, and swapped a total of 0.1 BTC for 2.33934275 ETH. The client currently operates utilizing both bitcoin and ethereum testnet coins and gives a user two wallet addresses to fill. Further, the wallet supplies two links to an ETH and BTC testnet faucet so the wallets can be funded. After a few hours waiting on confirmations, both of my wallets were filled with the two digital asset testnet coins. Following the wallet credits, I then typed that I wanted to trade 0.1 bitcoins and the wallet gave me the exact amount of ether I needed (or my trading partner) to trade from the other browser…