The Bitcoin network, Cash produced the first atomic swap

in #news7 years ago

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For Bitcoin Cash it was a pretty busy week, which analyzes livebitcoinnews. Aldon got a powerful pump, artificially bloated its price (up to $638). Developers, meanwhile, made its first atomic swap with this currency. Interesting turn of events, because it seems that the Cash Bitcoin ahead of bitcoin in this matter. Will be very interesting to see how this will affect the future price BCH.

Atomic swaps is an important phenomenon in the world of cryptocurrency. In fact, they allow to carry out exchange operations directly, without intermediaries, between the two different networks (cryptocurrency). In a global sense, they make possible the implementation of a decentralized exchange. However, despite the attractive prospects, atomic swaps, working while not on each blockchain. Bitcoin Cash is one of the first cryptocurrency that has integrated this technology.

Proof that the Bitcoin network, Cash produced the first atomic swap can be found on Github. The exchange has been made between networks of Bitcoin Cash and Decred. Decred is a real locomotive of the atomic swaps. For the first time the use of this technology was conducted in September between networks Decred and Litecoin.
A transaction between Bitcoin and Cash Decred was performed on the major networks (not test), this means that this technology can start massively used much earlier than one would assume.

While the undoubted leaders in the technology of atomic swaps is Litecoin, which account for operations with Decred and Vertcoin and Decred, which was also involved in atomic operations are already two other cryptocurrencies.

Source https://cryptocurrency.tech/v-seti-bitcoin-cash-proizveden-pervyj-atomarnyj-svop/

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