An atomic swap is smart-contract technology that enables the exchange of different cryptocurrencies without the need for intermediaries or third parties.
The trade of one crypto for another is possible even if they are running on different blockchain networks.
Atomic swaps are considered secure as traders don’t have to use their private keys. Moreover, users don’t need a centralized exchange, which decreases transaction costs.
Atomic swaps are also resistant to fraud.
Stay tuned for more announcements on this topic from Apollo Foundation.
Regarding Apollo’s Decentralized Exchange (DEX), Steve McCullah, director of business development, says:
The Apollo DEX will be one of the safest ways to trade crypto on Earth. Unlike most “DEX” platforms that still have the ability to freeze assets, take funds and implement KYC, the Apollo DEX has no governing entity. Trades will be accomplished through atomic swaps.
Apollo (APL) all-in-one privacy currency combines features of mainstream cryptocurrencies in an unregulatable platform. With two-second block speed, APL is one of the fastest cryptos on Earth. “Apollonauts” use features such as Encrypted Messaging, Smart Contracts, Decentralized Exchange, Dapps, and Decentralized File Storage.
Learn more at www.apollocurrency.com