Atomic Swaps: How the Lightning Network Extends to Altcoins
It is well-known that Bitcoin’s upcoming lightning network promises instant confirmations and low fees. What is not as well-known is that this highly anticipated scaling layer is actually not limited to Bitcoin. The very same peer-to-peer protocol can potentially be extended to, and made interoperable with, many altcoins. This could allow for trustless....
Related News
Atomic swaps are a peer-to-peer, trustless method of exchanging coins on different blockchains. In essence, atomic swaps allow you to exchange, for example, bitcoin with litecoin, while avoiding the need to trust an exchange or any other third party. Further Reading: What Is Bitcoin? Atomic swaps ...
For quite some time, trustless, cross-chain trades called atomic swaps have been a holy grail of sorts and a number of blockchain developers have worked on making them a reality. According to the developers from the Monero project, atomic swaps between bitcoin and monero are now accessible via the COMIT team’s asb software. Cross-Chain Swapping Bitcoin and Monero in a Trustless Fashion The Monero project has announced that bitcoin (BTC) monero (XMR) atomic swaps are now available via an implementation created by the COMIT network. The announcement was written by Monero developer....
A hero reports the first and second Monero Atomic Swaps on the mainnet. This is a great day for decentralization and privacy, if you believe in such things. As Seth For Privacy reports, “You can, today, swap Bitcoin Monero directly peer-to-peer, over Tor, with no custodian or trusted 3rd-party, no KYC (Know Your Customer) […]
The Monero Project introduced a new trustless way to exchange between Monero and Bitcoin last week. Monero (XMR), the largest privacy-focused cryptocurrency by market capitalization, has posted a 20% price surge following the launch of the Atomic Swap implementation program last week.On Friday, the Monero Project officially announced a rollout of the Atomic Swap implementation developed by the cross-blockchain protocol COMIT, aiming to simplify trades between XMR and Bitcoin (BTC).Following the launch of Monero Atomic Swaps, XMR has seen a notable surge, with its price rising from around....
Komodo’s AtomicDEX seeks to connect Ethereum with Bitcoin and other UTXO networks. The Komodo project launched on Friday the public beta of its latest product, AtomicDEX. The platform seeks to enable trustless atomic swaps between different blockchains, currently connecting Ethereum and its tokens to blockchains like Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE).Using atomic swaps allows users to trade directly with the native tokens. Someone buying Ether (ETH) with BTC would just exchange ownership of the respective coins on their blockchains, without having to use intermediary....