Many people in the development community have been working on a new feature for some coins called Atomic Swaps. These swaps completely remove the need for third-party oversight and put the trading of different cryptos into the user’s hands.
In recent weeks there’s been a lot of talk in the crypto development community about a revolutionary idea known as a cross-chain Atomic Swap. Atomic Swaps are a new tech that is still undergoing heavy development that allows for trustless, peer to peer trading between different types of digital assets. Both trades happen instantly, so there’s no chance for one party to not hold up their end of the bargain. And in a scenario where one party backs out halfway through, funds are returned to both parties after a specified amount of time…
Read Full: Atomic Swaps: What They Are, How They Work, and What They Mean for Digital Currencies