Atomic Swap
Also known as: Cross-Chain Swap, Peer-to-Peer Crypto Exchange, Trustless Swap
A smart contract technology enabling the exchange of cryptocurrencies from different blockchains without intermediaries.
An atomic swap is a peer-to-peer exchange of cryptocurrencies from different blockchains without the need for a centralized intermediary. Utilizing smart contracts, atomic swaps ensure that either both parties fulfill the exchange terms or the transaction is canceled, hence the term 'atomic.' This technology enhances decentralization by allowing users to trade assets across disparate blockchain networks securely and trustlessly. Atomic swaps can occur on-chain or off-chain and are fundamental to the development of decentralized exchanges and cross-chain interoperability.