Review on Atomic Swap Wallet by Julius Jegede
Atomic Swap Wallet
Atomic exchange is a cryptocurrency exchange, which is carried out directly from one user to another without an intermediary to facilitate the transaction. These transactions are called "atomic" because the transaction either succeeds, or each trader receives money from another trader, or nothing happens. Both traders only keep the money they started. Atomic exchanges are carried out entirely from wallet to wallet in a peer-to-peer network. In this article, we will take a closer look at what atomic swaps are, explain how the technology works, and briefly introduce how atomic swaps are developed. We will also study the benefits of atomic swaps and discuss how Komodo can promote this important technology to the blockchain industry. What is nuclear swap? Atomic Exchanges is a secure peer-to-peer exchange of two digital assets without intermediaries or trusted third parties, such as B. A centralized cryptocurrency exchange. Complete the atomic swap process. Therefore, trading atomic swaps is much safer than trading assets on centralized exchanges. Centralized exchanges do not allow users to store their private keys, which essentially means that users do not actually own their coins and tokens.If the exchange is hacked and funds are activated, users whose coins and tokens are stolen will run out of funds.I
Pros
- Solid, security strong
Cons
- Difficult to deposit
