coingecko (thumbnail mini)
Continue in app
Track prices in real-time
coingecko (thumbnail mini)
Continue in app
Track prices in real-time

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.

Share this with a friend!

Related Terms

Interoperability
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.
Byzantine Generals’ Problem
A term used to describe the situation a single strategy which requires consensus from all members within a group who cannot be trusted or verified
PFP
It means both 'profile pic' and 'picture for proof'.
Tangle
The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.