Question

What is atomic swap?

Answer 1

Atomic swaps are a technology that allows for the exchange of one cryptocurrency for another without the need for a trusted third party or intermediary. This process uses smart contracts to ensure that both parties involved in the swap receive their agreed-upon amount of cryptocurrency simultaneously or the transaction is canceled.

Answer 2

An atomic swap is a peer-to-peer exchange of cryptocurrencies between two parties without the need for a trusted third party. It allows users to swap different cryptocurrencies directly, securely, and without the risk of one party not holding up their end of the bargain.