LTC & BTC atomic-swapping with Atomic Wallet!
Atomic Wallet is a multi-asset management and storage tool for cryptocurrency enthusiast. It is a distributed platform with amazing features that are appealing to its diverse users. These features include a built-in Atomic swap, integrated exchanges like Shapeshift and Changelly for swift transactions. The Atomic wallet team seeks to address the security issues (hacks, theft etc.) regarding cryptocurrency wallets and to help users effectively and efficiently manage their digital assets.
What’s Atomic Swap?
The Atomic Swaps is a cross-chain exchange feature that makes it possible for users to exchange cryptocurrencies between each other without third-party interference.
Atomic wallet makes use of decentralized Atomic Swap to carry out transactions and proceed with cross-chain exchange which makes the system to avoid the risk involved in third party engagements. Through atomic swaps, users will be able to exchange any cryptocurrency from a particular blockchain with another cryptocurrency from another blockchain without the need of an exchange, or a third-party.
Cross-chain atomic swap takes place on the atomic wallet which means that users will be able to change any asset of their choice which is listed on the atomic wallet for another listed asset without an hassle and get charged for transferring the assets for atomic swap which is more secured than using escrows and decentralized exchanges.
Your keys stored only on your device and only you have control over them.
The main functions of Atomic Swap are:
- Peer to Peer order, based on blocks
- Fast and secure data transfer with Atomic Distributed Order Book
- Atomic Distributed Order Book is protected against spam and fraud
- The lowest transaction fees
- The order is a proposition, not an obligation
- Order placement does not block customer funds
- The order can be executed with multiple transactions
- Offline traders can not trade
- The execution is managed manually
- The applicant may reject the execution
Atomic swaps are a binding contract between the two parties. In the contracted transaction, there is a contract for each blockchain. A key element of this process is that the contracts contain an output that can be spent by either party, but the rules required for the exchange are different for each party involved.
The Advanced Encryption Standard (AES) is a symmetric block cipher chosen by the US government to protect classified information and is implemented in software and hardware around the world to encrypt sensitive data.
Transport Layer Security (TLS) is a protocol that ensures the confidentiality and integrity of data between two communicating applications. It is the most common security protocol currently used for web browsers and other applications that require secure data exchange over a network, such as file transfers, VPN connections, instant messaging, and VoIP.
How To Start Atomic Swap In Atomic Wallet
How To Create Atomic Swap Order In Atomic Wallet
Litecoin and Bitcoin are the top coins in the crypto-currency world. I RDA the fact that Atomic Wallet provides many users with a unique opportunity to Atomic swap these cryptocurrencies in your wallet. It is very convenient to store all your crypto assets in one place without worrying about their safety and security! That’s really cool!