Atomic Swap
Trade Across Multiple Blockchains
About Atomic Swap
Atomic swap or atomic cross-chain swap is a protocol that allows trading crypto assets in a peer-to-peer manner across different blockchain networks.
The protocol uses a smart contract that enforces the conditions of the transaction. It utilizes a two-way virtual safe function (HTLC – Hashed Time Lock Contract) to ensure that both parties fulfill their sides of the transaction at a predetermined time.
It is dubbed to be one of the futures of blockchain technology that provides convenience and flexible trading in a single transaction, eliminating third-party entities.
Benefits of Atomic Swap
Trading Flexibility
Riverex allows users to trade over 260 coins and tokens across five different blockchains: Ethereum, Binance, Fantom, Moonbeam, and Polygon, with others to be updated.
Increased Security
It employs a Hashlock and Timelock protocol to guarantee traders of getting their funds back in case of delays or conflicts in the contract.
Affordable Fees
With atomic swap, traders can exchange cryptocurrencies directly on a single transaction, avoiding the fees when converting different assets to trade in multiple networks.
Frequently Asked Questions
It’s a peer-to-peer exchange of cryptocurrencies between different blockchain networks without the intervention of a middleman.