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

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.

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