Atomic SWAP
By CoinGecko | Updated on Aug 13, 2021
Atomic Swap is a term used to define a feature that allows exchanging cryptocurrencies that operate in different block chains, but without intermediaries. For example, to move from Bitcoin to Ethereum, a centralized exchange house is currently needed, since they are different block chains. Atomic Swap would allow you to send your bitcoins to the person who gives you ethereums in exchange for a single blockchain transaction that is reflected in both block chains.
Related Terms
Trading Volume
The amount of the cryptocurrency that has been traded in the last 24 hours.
Blockchain
In Bitcoin's case, blockchain describes its decentralized, public ledger which contains transactional information.
Token
Blockchain based unit of value issued by an organization, which grants token holders a right to participate in a network.
YTD
Acronym for Year-to-date
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