A blockchain technology that is both smart and decentralized that allows users to exchange cryptocurrencies without going through crypto exchange platforms.
The atomic swap is an innovative smart contract technology that enables crypto traders to transact with other crypto traders without having to use established exchange platforms. As a result, traders can maintain their anonymity while trading, circumvent the charges required by exchange platforms for buying and selling cryptos, however small, and trade across blockchains without compulsorily securing native tokens.
Due to its purpose and application, atomic swap technology has been described as the very heart of the decentralization agenda in the blockchain revolution. This is on account of its distinctive peer-to-peer focus. However, even more importantly, atomic swap allows a user to trade different cryptos native to different blockchains. Thus, the technology is one of the leading examples of the cross-chain trading capabilities of the blockchain revolution.