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The low volatility cryptocurrency and payments system platform Minexcoin (MNX) has just recently performed a series of successful atomic swap tests between the MNX and Bitcoin blockchains. Disclosure: This is a Sponsored Article Atomic swaps, also known as atomic cross-chain trading, is a new technology that proposes to allow for the direct exchange of one cryptocurrency with another from different blockchains, without the need for an intermediary. Today, the majority of cryptocurrency exchange and trading happens over centralized platforms, requiring users and traders to trust the platform owners to complete their exchanges. Essentially, atomic swaps is a decentralized, trustless alternative to the current convention. The future of decentralized exchanges lies in atomic swaps The latest updates from MNX suggest that the launch of a decentralized exchanger without fees could be the starting point for the development of a trustless exchange In recent months, atomic swaps have been successfully completed across the blockchains of major cryptocurrencies such as Bitcoin, Litecoin and Zcash. However, most of these have only been conducted on test nets (as opposed to main nets) and have been tedious and complex to achieve. MNX lead blockchain developer Roman Hulenko points out that atomic swaps must move beyond the conducive environs of test nets to move forward, even with the major challenges, such as the inability to guarantee full security: “Every blockchain that could support Atomic Swaps, more or less, but is at risk. I think today’s main global developer’s goal is to minimize dangers rather than simply launch…
Source: Low volatility crypto Minexcoin sees future in atomic swaps across decentralized exchanges
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