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A guide to what an atomic swap is and the types of atomic swaps
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Explanation of how atomic swap works and how to carry out the transaction.
What is an Atomic Swap?
Things have been happening around blockchain and recently there was the launch of an exchange, Atomic Swap. Atomic Swap is an exchange of cryptocurrencies from different blockchains. The swap is carried out between two operations without the requirements and involvement of middlemen, brokers, or third parties. The idea is to eliminate centralized middlemen and give token owners full control of their tokens. Atomic swaps, allows cryptocurrencies to be traded peer-to-peer without associating with third parties since they are computerized, self-enforcing exchanges.
Two types of atomic swaps:
On-Chain Swaps
On-Chain swap transactions are some kind of transaction that is carried out between two contrasting cryptocurrencies on two separate blockchains. Once authenticated , the transaction is
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