Atomic Swap is a protocol that allows for the direct exchange of cryptocurrencies between different blockchain networks without the need for a centralized intermediary. This process uses smart contracts to ensure that both parties fulfill their obligations simultaneously.
The swap occurs in a trustless manner, eliminating the need for a third party and reducing the risks associated with centralized exchanges.
Atomic swaps are a significant advancement toward greater interoperability and decentralization in the digital asset ecosystem.
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