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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.

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Related Terms

Hey Hey Hey
A term made popular by Carlos Matos who was the spokesperson for the Bitconnect Ponzi. He used it frequently during Bitconnect events to rile up the crowd.
Public Blockchain
An open sourced blockchain where participation is public and permissionless
Fully Diluted Valuation
Fully Diluted Valuation (FDV) is the market capitalization if the max supply of a coin is in circulation. The common mathematical formula used to calculate FDV is Current Price x Max Supply. Note that it can take 3, 5, 10 or more years before the FDV can be reached, depending on how the emission schedule is designed.
Pay-Per-Share (PPS)
You are compensated for each valid share that you contribute. Each share is worth a set amount of cryptocurrency that may be mined.
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