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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

Cold Wallet
Wallets that are offline and require physical access to certain devices (eg. hardware wallet, paper wallets)
Order Book
An electronic list of all buy and sell orders in an exchange
Shilling
One who poses as a enthsiastic customer to swindle others as a form of covert advestising.
Trading Volume
The amount of the cryptocurrency that has been traded in the last 24 hours.
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