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.
Related Terms
Derivatives Market
A market for derivatives which are instruments such as futures or options whose value is derived from an underlying asset.
Side Chain
A separate blockchain ledger that runs parallel with the primary blockchain.
Portfolio
A portfolio consists all of your current crypto holdings in one place.
Zero Knowledge Proof
Cryptographic proof for 2 parties to verify a value without revealing what the value is.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.