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Topic: Software for atomic swaps - page 2. (Read 447 times)

legendary
Activity: 2352
Merit: 6089
bitcoindata.science
June 21, 2019, 06:16:21 AM
#7
Yes they are atomic  Swaps.. because  they are doing good work..

Certainly that's not the reason, that's not even relevant to determine if those services are or not atomic swaps.

Bit they are not atomic swaps. I made a small research and atomic swaps cannot be centralized and must be done by smartcontracts written in the blockchain. Something like a dex.
newbie
Activity: 42
Merit: 0
June 21, 2019, 05:12:07 AM
#6
Personally, I don´t know any software which can be truly called atomic swaps.

I used services such as Shapeshift, Changelly, Instaswap etc for as long as I use crypto, but AFAIK they are not atomic swap software. THey are similar to exchanges.

Some of those services even use Binance accounts wallets (or other exchanges) to transfer those funds to your wallet.
i have noticed that, as sometimes those exchanges wallets are labeled in blockchain explorers.

I see many people calling those services Atomic Swaps, but I don´t think they are. Any thoughts on this?
Yes they are atomic  Swaps.. because  they are doing good work..
newbie
Activity: 42
Merit: 0
June 21, 2019, 01:35:53 AM
#5
Really software are  atomic swaps between coins of blockchain..many softwares are working on blockchain   technology  and they are sucessful in their  field.
member
Activity: 109
Merit: 21
June 20, 2019, 01:39:55 AM
#4
Software for atomic swaps between hundreds of coins with different protocols and blockchains would be a maintenance headache.

I understand that it would be nearly impossibile to make a software that can "swap" beetween hundreds of crypto.
But it would be very useful also a software that manages only the most "famous" crypto, for example btc, ltc, bch etc...
mda
member
Activity: 144
Merit: 13
June 19, 2019, 03:01:02 PM
#3
Software for atomic swaps between hundreds of coins with different protocols and blockchains would be a maintenance headache. However in a specific case atomic swaps could shine.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
June 19, 2019, 06:07:56 AM
#2
Personally, I don´t know any software which can be truly called atomic swaps.

I used services such as Shapeshift, Changelly, Instaswap etc for as long as I use crypto, but AFAIK they are not atomic swap software. THey are similar to exchanges.

Some of those services even use Binance accounts wallets (or other exchanges) to transfer those funds to your wallet.
i have noticed that, as sometimes those exchanges wallets are labeled in blockchain explorers.

I see many people calling those services Atomic Swaps, but I don´t think they are. Any thoughts on this?
member
Activity: 109
Merit: 21
June 19, 2019, 04:57:04 AM
#1
If you don't know what is it:
"Atomic swap is a smart contract technology that enables exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges."

I think atomic swap are a promising technology to do crypto-to-crypto trades.
Exchanges are shit because of many reasons: arbitrary fees, arbitrary rules, KYC/surprise KYC etc...
Direct exchange with other users is risky because of scammers. Yes, it's possible to use escrow but it's time-consuming and the escrow may request a fee.
If you do day-trading, exchanges will remain the best choice (because you don't have to pay txfee everytime), but if you do only a few trades occasionally, atomic swap would be a very good choice.

As far as i know, atomic swaps are not possible with every crypto. The 2 cryptos must be based on similar algorithms to have atomic swaps possible.
For example, litecoin to bitcoin should be possible.
As far as i know, there is no need to do soft/hard forks to allow the atomic swap, the're already possible.

The only problem is: how to do an atomic swap practically?
I did some researches and the situation is a little confusing. It seems there are some software but they seem crapware/centralized/not open source etc...also they act as a wallet. This isn't good, why should I trust new and closed-source wallets?
So the question is: is there some decent software to do atomic swaps? Even if it's only an experimental script or something similar, please post it there, so we can try to make a list of available software.
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