The only area within a virtual trading environment where hacking can occur.

An attack surface is an ‘area’ inside the virtual environment of a program where hackers can attempt to break into the system. Whether the goal of this hacking attempt is to steal data or collapse the system, the size of a system’s attack surface says something about its security, especially how vulnerable it is to unauthorized access to the system.

An attack surface in the crypto trading world serves as an indicator of how secure a trading platform is. Generally, when the attack surface is broad, hackers are generally able to breach the system’s defenses and do whatever they want with the data. Attack surfaces also reveal the odds of malware appearing that compromise the security of the platform. In effect, the smaller the attack surface of an online trading platform, the lesser the risk of a hacker stealing user and system data.

A bidding and sales event which often involves aggressive and competitive contests to acquire commodities and services.

An auction is a lively event that involves individuals known as bidders who compete to acquire commodities and services. The event has a supervisor known as the auctioneer who announces commodities to be sold, starting (asking) prices, and winners. In the crypto ecosystem, this entire event is always online and live, and has crypto enthusiasts competing to obtain crypto assets, especially collectibles.

The rule of winning auctions is to bid the highest price. Nevertheless, there are innovative twists such as including time limits to bidding or using mystery boxes that make auctions more exciting.

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.

Attack surface

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