DEFINITION of 'Atomic Swaps', DEFINITION of 'Atomic Swaps' |
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DEFINITION of 'Atomic Swaps', DEFINITION of 'Atomic Swaps' |
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Atomic swap is a smart contract technology that enables exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges.
Atomic swaps can take place directly between blockchains of different cryptocurrencies or they can be conducted off-chain, away from the main blockchain. They first came into prominence in September 2017, when an atomic swap between Decred and Litecoin was conducted. Since then, other startups and decentralized exchanges have allowed users the same facility. For example, Lightning Labs, a startup that uses bitcoin’s lightning network for transactions, has conducted off-chain swaps using the technology. Cryptocurrencies and decentralized exchanges, such as 0x and Altcoin.io, have also incorporated the technology. ![]() |
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smart economy Hetachain is a high-performance 3rd generation blockchain built as an easy to use blockchain platform allowing the deployment of the decentralized application. It is designed with a multichain system allowing for both private and public enterprises to leverage on the blockchain features thereby enabling a smarter and better society which is the next technological evolution of man dubbed the 4th Industrial Revolution. Hetachain uses a hybrid consensus protocol (dPOS - BFT) thus ensuring super tight security of the Hetachain Blockchain. Go to the Telegram bot http://bit.ly/2Akhf8N[/b][/i]
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Szöveges verzió | A pontos idő: 9th September 2024 - 02:39 PM |