Atomic Swap What is it Atomic swaps or atomic cross chain trading is the exchange of one cryptocurrency to another cryptocurrency without the need to trust a third party The atomic swap process is completely trustless by ensuring both parties fulfill the requirements of the trade defined in the contract If one fails to meet the requirements the time locked contract will refund the other user Let's explain an atomic swap with a classic example of Alice and Bob Alice owns one Komodo coin but really wants one Dash instead Normally Alice would have to trade her Komodo coin for an intermediary coin like Bitcoin to trade it further for one Dash If so she will lose some money because she has to trade twice It's incomprehensible that we are still paying such high fees to greedy exchanges With atomic swap technology available we will be able to trade on a peer to peer basis without the need of an exchange A time locked contract will be used to act as the escrow between Alice and Bob Alice puts in here one Komodo coin and Bob has to send his Dash to the contract The contract will take care of the swap so Alice becomes the owner of one Dash and Bob of one Komodo coin Tech details on Atomic Swap