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Atomic swap litecoin bitcoin

Atomic swap litecoin bitcoin

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Special wallets or exchange services a few atomic swap wallet party will accept the offered coins and decline the transfer. The concept was conceived shortly of the cryptocurrency transaction; it.

This refers to the state within a specified swzp, or.

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Atomic Swaps - In Under 2 Minutes
Atomic swaps are peer-to-peer trading mechanisms used for transferring cryptocurrencies across different blockchains without the need for trusted third parties. The first atomic swap took place in when Decred (CRYPTO:DCR) and Litecoin (LTC %) were exchanged without using a fiat currency as part of the conversion. A few days later, Litecoin and Bitcoin were exchanged. An atomic swap is an exchange of cryptocurrencies from separate blockchains. The swap is conducted between two entities without a third.

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calendar_month 11.07.2021

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Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Sometimes referred to as atomic cross-chain trading, this type of mechanism completely eliminates the need for centralized third-party entities when executing trades. Table of Contents. Due to the trustless, peer-to-peer nature of atomic swaps, it is widely considered one of the few truly decentralized trading techniques. HTLC requires both parties to acknowledge receipt of funds within a specified timeframe.