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
Shilling
One who poses as a enthsiastic customer to swindle others as a form of covert advestising.
Bounty
Public tasks available for anyone for a reward
Tangle
The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
Total Value Locked
Total Value Locked (TVL) represents the number of assets that are currently staked in a protocol or the total quantity of underlying amount of funds that a DeFi protocol has secured.
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