Quick Take
Atomic is a computer science term that generally means “irreducible” and “Atomicity” is the first word in the acronym ACID as it relates to guaranteeing transaction integrity in database technologies
In the context of trading, an Atomic Swap or Atomic Exchange means to exchange one asset for another as a single logical transaction (irreducible) that is implemented in a way where it is either a total success or a total failure (guaranteed transaction integrity)
Bilateral settlement is the opposite of Atomic Exchange and is high risk (e.g., counterparty 1 goes first and sends assets to counterparty 2 and hopes counterparty 2 will send assets to counterparty 1 in return – this is how most of the crypto market functions today and is not acceptable to fiduciaries and regulated institutions)
Atomic Exchange on the Bosonic Network is real-time, high-frequency execution on a Layer 2 multi-custodian blockchain network
Bosonic’s Layer 2 can support real-t
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