We will discuss about crypto swaps and particularly Atomic Swaps, a new way to do cryto swaps today. New developments in the atomic swap space: Early decentralized exchanges were restricted by slow adoption, limited liquidity, and a small order book size. Newer decentralized exchange platforms provide users with an exchange functionality that is on par with current centralized exchanges who are now using atomic swaps to execute trades. In its nascent stage, the atomic swap ecosystem allows traders to leverage the security, a low fee structure; whilst at the same time, benefit from the same services that centralized exchanges provide. The space for atomic swaps is increasingly becoming competitive.
Apps & Software: Day traders need to be constantly tuned in, as reacting just a few seconds late to big news events could make the difference between profit and loss. That’s why many brokers now offer user friendly cryptocurrency mobile apps, ensuring you can stay up to date whether you’re on the train, or making your sixth coffee of the day. The cryptocurrency trading platform you sign up for will be where you spend a considerable amount of time each day, so look for one that suits your trading style and needs. Exchanges like Coinbase offer in-depth platforms, such as their Global Digital Asset Exchange (GDAX). It’s always worth setting up a demo account first to make sure the exchange has the technical tools and resources you need.
So, what is an HTLC? Earlier iterations of payment channels which use “timelocks”. An HTLC “extends” that by introducing “Hashlocks” along with the timelocks. The HTLC enables opening up of payment channels where funds can get transferred between parties prior to a pre-agreed deadline. These payments get acknowledged via the submission of cryptographic proofs. Along with that, another brilliant feature of the HTLCs is that it allows a party to forfeit the payment given to them and return it to the payer. The idea is to use a multisignature transaction system that holds both traders accountable for a swap to be successful. Read more info at Crypto Swap.
What’s nifty about Swapy is that it charges a fee only on the amount users will save relative to competitor services. In other words, Swapy only gets a cut of what you save on a swap, doing away with a flat fee entirely. Holders of REM tokens can further increase their discount level by up to 90%. Account registration is necessary with Swapy, but only if you’re looking to claim the maximum available discount. Another very good choice is Atomiic.io.
The system is integrated into the largest cryptocurrency trading platforms. There is no deposit storage, only instant coin exchange in our service. So we are able to find the most profitable exchange rate for our users in a very short time. A project created for the convenience of customers. Our users don’t need to create accounts or store deposits in our service. Thanks to this, the users are protected from any kind of financial theft. We provide the best rates possible by comparing a wide range of reliable trading platforms. Visit: https://atomiic.io/.