📚If you follow the blockchain industry and the digital currency market, it is unlikely that you have not heard of the term atomic swaps, or as it is known in English as Atomic Swaps.
🤔So what is the meaning of this term? How does it work? What are its benefits?
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Atomic exchanges are a cryptocurrency exchange between two entities in which tokens are exchanged from separate blockchains.
The transaction takes place between the two parties without the intervention of a third party.
The order aims to remove central intermediaries and give token holders full control.
How it works:
Atomic exchanges use smart contracts to execute trades between participating parties. These contracts are programs embedded within blockchain chains that are executed when specific conditions are met.
Thanks to these contracts, the parties negotiating them can exchange digital assets quickly and easily without the need for a third party to mediate.
Its benefit:
Atomic exchanges are an effective way to exchange cryptocurrencies quickly and securely, ensuring operations free of external interference.
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