Decentralized Exchange Revolution: Atomic Swaps ⚛️

In 2016, Komodo #Blockchain was the first to implement atomic swap technology, based on an idea by Tier Nolan and Sergio Demien Lerner.

Since then, Komodo has continued to lead in developing this technology, offering the industry's first production-ready DEX using atomic swaps.

⚛️ Atomic swaps, also called cross-chain swaps, are a type of smart contract. They allow two people to exchange different #crypto currencies directly, without needing a middleman.

In an atomic swap, two parties agree to trade cryptocurrencies at a set rate. The process is trustless, meaning neither party needs to rely on the other's honesty 🙏

Komodo Wallet is the latest version of Komodo's atomic swap technology. Its DEX feature uses a peer-to-peer atomic swap system with decentralized order books.

🛠️ Developers can use Komodo's open-source #DeFi Framework to create various decentralized applications.

These include cross-protocol DEXs, multi-coin wallets where users control their own funds, platforms for initial DEX offerings (IDOs), and more.

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