Definition of Atomic SWAP

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

Central Ledger

Central data repository of a company or bank

Mining Contract

Another term for cloud mining, where users can rent or invest in mining capacity online.

Proof-of-Authority (PoA)

A consensus algorithm that asigns block validation queue based on identity and reputation.

Hashgraph

Hashgraph is a distributed ledger system that has been compared to the blockchain idea as a continuation or successor.

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