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Glossary

Atomic Swap Meaning: What Does Atomic Swap Mean in Crypto?

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Definition

Direct cryptocurrency exchange between different blockchains

Hashed timelock contracts enable trustless swaps; Komodo pioneered it, reducing reliance on centralized exchanges for cross-asset trades. Mechanism: HTLCs, time-bound. Supported: BTC-LTC, ETH-ERC20. Limitations: Same hash algo required.

Keywords

  • Advanced Concepts