Topic: Atomic swap? (Read 190 times)
I think that atomic swaps are not as easy as they seem. Atomic swaps may be too complicated for users. Different decentralized exchanges have their drawbacks. I think in the future the community will choose the best option.
"The atomic swap works in a completely decentralized manner, which allows you to immediately get rid of two types of fees. First, you do not need to pay intermediary fees (exchange or exchange) for a cryptography transaction. Second, you do not need to pay transaction fees. You need to pay a fixed fee for a network that does not depend on the amount of the exchanged currency. "
At the moment, the forum is actively pursuing a bounty ICO program to promote a crypto wallet with the intended support function of the Financial Aspects of Atomic Swaps. The project is developing and what alternative currencies it supports, as well as comparisons with some exchange systems.
About the stakes and differences you can read: "https://medium.com/atomic-wallet/financial-aspects-of-atomic-swap-f6e8e6e0bdb6"
If the message was helpful, I would be happy +Merit
At the moment, the forum is actively pursuing a bounty ICO program to promote a crypto wallet with the intended support function of the Financial Aspects of Atomic Swaps. The project is developing and what alternative currencies it supports, as well as comparisons with some exchange systems.
About the stakes and differences you can read: "https://medium.com/atomic-wallet/financial-aspects-of-atomic-swap-f6e8e6e0bdb6"
If the message was helpful, I would be happy +Merit
No, there are currently a far greater number of coins that don't support atomic swaps than there are coins that do. Most coins can support it, but most of them aren't there yet. Hopefully that's something that will change over time, but it's still a relatively new concept.
Traded in an exchange perhaps, but not via atomic swaps. While it's technically possible to perform an atomic swap between Bitcoin and Litecoin, something that was achieved in 2017, it's not something which is practical for users to do yet. Atomic swaps are not yet possible with "any" coin. It's safe to say that's at least a few years away, if not more.
Also can bitcoin be traded for any other coin that exists and vice versa?
Yeah bitcoin can be fairly traded for any coinTraded in an exchange perhaps, but not via atomic swaps. While it's technically possible to perform an atomic swap between Bitcoin and Litecoin, something that was achieved in 2017, it's not something which is practical for users to do yet. Atomic swaps are not yet possible with "any" coin. It's safe to say that's at least a few years away, if not more.
Just a lil question,do all coins support atomic swap?
Also can bitcoin be traded for any other coin that exists and vice versa?
Also can bitcoin be traded for any other coin that exists and vice versa?
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