⚛️ SWAPS.ORG – TRADE NATIVE CRYPTO - XMR/BTC/ETH/ERC-20 - ON-CHAIN DEX ⚛️

[SWAPS SUPPORT]

Swaps.org is pushing the boundaries of what we know is possible. Flowing with the evolving DeFi space, we are defying theoretical facts by creating an atomic swap protocol that is:

(i) non-custodial,departing from a third party trusted holding the coins from users during the exchange;
(ii) universal, that is, compatible with all (current and future) cryptocurrencies;
(iii) multi-asset, supporting the exchange of multiple coins in a single atomic swap.

[SWAPS SUPPORT]

Atomic swaps, the technology back of Swaps.org, operate on the principle of interoperability, enabling the exchange of different cryptocurrencies across distinct blockchain networks. By adhering to standardized protocols and utilizing compatible hashing algorithms, atomic swaps can be implemented across a wide range of blockchain platforms. Additionally, ongoing developments in cross-chain communication protocols aim to further enhance the universality of atomic swaps, ensuring compatibility with both existing and emerging cryptocurrencies.

Swaps is ahead of the curve and is providing a decentralized means for cross-chain transfers

[MimiPaps]

Is there any intersecting point between Atomic Swaps and Layer-2 scaling platforms?

[SWAPS SUPPORT]

Is there any intersecting point between Atomic Swaps and Layer-2 scaling platforms?

Hmm. Interestingly, Yes. Atomic swap allows Layer-2 platforms to become a network of payment channels as it suits their near-instant transaction speed and helps improve micropayments.
 
For instance, atomic swaps are perfect for Lightning Network since it doesn't require block confirmations or compete for space within blocks.

[SWAPS SUPPORT]

Atomic swaps are based on Hashed Time-Lock Contracts (HTLC), which utilize the following basic mechanisms:

• Multi-signatures: transactions can be signed by two (or more) parties, thus having the parties that signed verify and be accountable for the multi-signature transaction (also referred to as multi-sig in Bitcoin parlance).

• Hash-locks: a cryptographic lock that can be unlocked by revealing a secret s whose hash H(s) is equal to the value h configured in the lock.

• Time-locks: a time-based condition that prevents a transaction’s or smart contract’s assets from being redeemed (or refunded) until a specific time interval has elapsed. The interval can be relative to the time the transaction is published on the blockchain or can be absolute time.

• Basic scripting: this is required to indicate that a transaction can be unlocked (or committed) only if multiple conditions are satisfied, e.g., both the secret to unlock a hashlock is revealed or the time specified by the timelock has elapsed and a particular signature is provided. Hashlocks can be used to link transactions on two blockchains. Both locks are constructed using the same hash function and are configured with the same hash, hence they can be unlocked using the same secret: opening one hashlock reveals the secret which can be used to open the hashlock on the other chain.

[lostathome106]

Question 1
Are you considering adding new coins to BitcoinAtom • Swaps, i.e. cryptocurrencies or stablecoins?

Or is the strategy to get liquidity to BTC, ETH, XMR and BCA first, before adding new coins to the Atomic Swaps DEX?

Question 2
Is there any plans to market BitcoinAtom • Swaps, so more people can be aware of your AS~DEX?

[SWAPS SUPPORT]

Question 1
Are you considering adding new coins to BitcoinAtom • Swaps, i.e. cryptocurrencies or stablecoins?

Or is the strategy to get liquidity to BTC, ETH, XMR and BCA first, before adding new coins to the Atomic Swaps DEX?

Question 2
Is there any plans to market BitcoinAtom • Swaps, so more people can be aware of your AS~DEX?

1. Yes, Definitely. Several other coins will be added over time. We are starting with the most traded pairs and we believe getting liquidity to these makes new additions easier.

2. Good Question. Yes there are. We are working on some targetted B2B and B2C marketing and the results of these will be posted on https://bitcoinatom.io/ and on the https://t.me/bitcoinatomswaps announcement page

[lostathome106]

There exists other cross-chain Atomic Swaps DEX-es out there as well, like Komodo and BasicSwap.

What distinguishes BitcoinAtom • Swaps from its competitors?

[it-service]

it would be awsome if it is sooner then later but i have my doubts.

[lostathome106]

What is the plan for Bitcoin Atom (BCA), your native coin?

Will BCA be utilised within BitcoinAtom • Swaps?