Atomic cross-chain trading – Bitcoin Wiki

Atomic cross-chain trading – Bitcoin Wiki

The problem of atomic cross-chain trading is one where (at least) two parties, Alice and Bob, own coins te separate cryptocurrencies, and want to exchange them without having to trust a third party (centralized exchange).

A non-atomic trivial solution would have Alice send hier Bitcoins to Bob, and then have Bob send another cryptocurrency to Alice – but Bob has the option of going back on his end of the bargain and simply not following through with the protocol, ending up with both Bitcoins and the altcoin. Read More