Dapp Cross Chain Swap Auto Swap consist of a technique that allows the quick exchange of two different cryptocurrencies, running on distinct blockchain networks. Such a process (also known as atomic cross-chain trading) is based on smart contracts, and it allows users to trade their coins directly from their personal crypto wallets. So atomic swaps are, essentially, peer to peer trades across different blockchains. Despite being an innovative technique, the idea of cross-chain trading is under discussion for many years. Tier Nolan was likely the first to describe a complete atomic swap protocol, back in 2013. However, a trustless exchange protocol called P2PTradeX was presented by Daniel Larimer in 2012, and some people consider it to be the prototype of an atomic swap.
In the following years, many developers started to experiment with atomic swap protocols. Evidence suggests that Bitcoin, Litecoin, Komodo, and Decred communities all played an important role in the process.
Dapp Cross Chain Swap
Dapp Cross Chain Swap
Dapp Cross Chain Swap Exchange development company
A cross-chain swap (also referred to as an Atomic Swap) refers to the exchanging of two different cryptocurrencies, on two different blockchains in a peer-to-peer fashion, i.e., without using a third party. This is possible thanks to a code locking mechanisms known as Hash Time Locked Contracts (HTLCs) codable into blockchain transactions.
TEZEX Bridge is a non-custodial cross-chain token bridge for Tezos, that runs on the basis of atomic swaps through a double-sided marketplace. At first, TEZEX Bridge will enable swaps to/from the Ethereum blockchain (ERC-20 tokens), to the Tezos blockchain.
There are 3 pieces to TEZEX Bridge:
The smart-contracts
The front-end visual interface
The Changemakers
atomic swaps
Auto Swap consist of a technique that allows the quick exchange of two different cryptocurrencies, running on distinct blockchain networks. Such a process (also known as atomic cross-chain trading) is based on smart contracts, and it allows users to trade their coins directly from their personal crypto wallets. So atomic swaps are, essentially, peer to peer trades across different blockchains.
Despite being an innovative technique, the idea of cross-chain trading is under discussion for many years. Tier Nolan was likely the first to describe a complete atomic swap protocol, back in 2013. However, a trustless exchange protocol called P2PTradeX was presented by Daniel Larimer in 2012, and some people consider it to be the prototype of an atomic swap.
In the following years, many developers started to experiment with atomic swap protocols. Evidence suggests that Bitcoin, Litecoin, Komodo, and Decred communities all played an important role in the process.
