Confirmed: Atomic Swaps Between Bitcoin And Monero Are A Go. Here’s the 411.
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) […]
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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....
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 ...
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....
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 altcoin payment processors, decentralized altcoin exchanges and perhaps even cheaper bitcoin-to-bitcoin payments and more. Atomic Swaps. Interoperability between Bitcoin and altcoins is not new. So-called atomic swaps(or atomic cross-chain....
Monero's price is closing in on its 2017 all-time high as network upgrades, atomic swaps and real-world integrations catch the attention of retail and institutional investors. As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing higher as their established track records begin to attract traders who value a longer history of success.One such project that has been gaining traction in recent weeks is Monero (XMR), a privacy-focused....