How WapSwap Cross-Chain Swapping Protocol Works

WapSwap is a platform which allows entry/exit of ERC20 tokens through a method that gives optimum satisfaction in both token swaps. WapSwap has created their own Cross-Chain Swapping Protocol which enables any Ethereum based Token to be traded against any other ERC20 Token on Ethereum. The protocol's core components are described in this technical document .

There are times when one asset needs to be converted into another asset, without involving an exchange. For example, the ETH-Token Swap. In the past quarter of 2017, ETH price has risen drastically, and those who hold ETC, want to convert their ETC into ETH to enjoy the fruits, but they can't, since there is no centralized exchange or protocol that offers this service. WapSwap enables cross-chain swapping which is essentially converting your holdings from one cryptocurrency to another cryptocurrency of your choosing

Capture the value of your cryptocurrencies and get paid cryptocurrency in return. Users no longer need to trade back and forth in a difficult process between different platforms. Cross-chain swapping is now possible on WapSwap enabling traders to access the market without the hassle of going through an exchange. It enables users to maintain control of their own private keys and therefore their funds.

Bitcoin and other Crypto-Currency fans have been using centralized services to swap between currencies, taking a fee each time. WapSwap has created a service which swops on the information contained within the transaction itself, without any central control. Using our protocols, you can find someone to easily swap between different Crypto-Currencies, instantly and for free.

WapSwap is a platform for swapping assets across blockchains. We are building a set of protocols to enable these cross-chain swaps, using atomic swaps on the blockchain itself and other technologies like payment networks for off-chain swaps. Our aim is to bring the power of decentralized finance to existing financial infrastructure through non-custodial financial products from other projects like Dharma and Maker. By establishing an open protocol for exchanging tokens without counterparty risk, WapSwap improves liquidity in cryptocurrency markets by enabling seamless interfacing between independent systems

WapSwap is a new application that intends to solve the problem encountered by cross-chain coin holders. WapSwap's goal is to provide the user with a new way to exchange one coin with another, even if the coins are on different networks.

You can find a new way to expand your funds with WapSwap. With WapSwap platform, Cryptocurrency and Fiat money meet, presenting the Swapping Market in which you can swap any currency for another in a very transparent process. We do not charge commission and there is a discount for early participations. Each user has a single credit limit and once it is reached, he must wait until the next new swap appears to get involved in it.

WapSwap is a potential solution to the biggest problem in crypto: being able to swap one blockchain token for another without centralized exchanges. Unlike most privacy coins, WAP essentially doesn’t care what transaction you are conducting. The goal behind WapSwap was to gather all the best features of other privacy-focused solutions and combine them into one simple protocol.

WapSwap is a system that facilitates trading between different, but similar, non-parallel blockchains. Imagine you have a portfolio of cryptocurrency assets across various different blockchains, but you are forced to sell all at once. Most likely you will end up selling a "low" price and really ruing the day as your top performing assets go on to see further gains. WapSwap does this through what we call Granular Swapping.

Swap one cryptocurrency for another in a truly decentralized way. No use of a central party, no registration required. It doesn't get more decentralized than this. So we took a look at how the protocol worked, and built this for all of you to use. We hope you find it useful.

For More Information:
Website : https://wapswap.finance/
Whitepaper : https://wapswapfinance.gitbook.io/wapswap/general-faq
Twitter : https://twitter.com/WapSwapFinance
Facebook : https://www.facebook.com/WapSwapFinance/
Telegram : http://telegramlink/
Medium : https://wapswapfinance.medium.com/
Reddit : https://www.reddit.com/r/WapSwapFinance/

Author: jennever charlotte
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