More Examples
“I used atomic swaps to convert all my shitcoins to Bitcoin.”
“Atomic swaps do not require a trusted third party.”
“Atomic swaps can help with privacy in some cases.”
Definition(s) from the Web
- The problem of an atomic swap is one where (at least) two parties, Alice and Bob, own coins, and want to exchange them without having to trust a third party (centralized exchange). A non-atomic trivial solution would have Alice send her coins to Bob, and then have Bob send other coins to Alice – but Bob has the option of going back on his end of the bargain and simply not following through with the protocol, ending up with both sets of coins. Atomic swaps can be used for trading between bitcoin and another cryptocurrency, or for trading bitcoin and different bitcoin for privacy purposes. Source
- Atomic Swaps are decentralized and trustless trades between two users of different cryptocurrencies. That technology is relatively new and is aimed to make a revolution in the transactions. Source
- Atomic swaps are a mechanism where one cryptocurrency can be exchanged directly for another cryptocurrency, without the need for a trusted third party such as an exchange. Source
