What Is Atomic Swap? A Beginner’s Guide and Introduction

A centralized exchange is currently the most popular way to trade cryptocurrencies , but the increasing fees that accustom it, is not just worrisome, but it also scares away potential investors and prospects. Though it is important to note that every innovation is put for incentives, some exchange cuts in the cryptocurrency ecosystem are far exploitative than others.

This is no doubt amongst several others, the major reason for this technology called Atomic Swaps which is sometimes referred to as cross-chain swaps. Atomic Swaps aim to provide the ecosystem a more user-friendly environment, one that is cost-friendly, trustless, instant and effective. A good example of this development is Komodo KMD who has made about 65,000 atomic swaps so far.