Atomic Wallet Atomic Swap | The Decentralized Exchange Market

atteh (39)in #blockchain • 5 years ago

The need for exchange platform in cryptocurrency is as important as Crypto it self, this is where users get to trade their coins for other or fiat and vice versa. Exchange platforms over the years has faced lots of challenges due to the poor quality, selfishness and the lack of productive experience traders has had with the exchanges. This problems has seen has ended up cryptocurrency having series of exchanges leading to every individual to determine their choice but still everyone isn't well satisfied with the Cryptocurrency exchange platforms. The centralized cryptocurrency exchanges has faced lots of hacks issue resulting to users loss funds and the exchange gone to extinction, this has lead many traders quite and others wondering if the crypto exchange platforms will every change for good. Another problem is the charge of huge fees, because most exchange are only after their pockets the introduce high trading fees to their exchange platforms leading users to pay more for their services. Today Atomic Swap is here to put all of this as the problem of the past creating safe and comfortable way for everyone to trade their Cryptocurrency. The Atomic Swap is integrated into the atomic wallet which you can read about this in my previous article.

What is Atomic Swap?

Atomic Swap is a decentralized cryptocurrency exchange with smart contract powered technology that enables two users to exchange their Cryptocurrencies without the risk of one party defaulting on the trade and also without the knowledge of any thirdparties. Trading on this exchange won't require any excrow or third-parties which will less the risk on both side.

As I've said earlier the issue of security in the crypto exchanges expecially the centralized exchange has lead to the loss of funds and even interest by users, the team has worked so hard on Atomic Swap to deliver the best and expected performance to everyone. And the first is security the Atomic Swap is built with high level security standards and technology which will be updated often with the aim to deliver the best security service to it users. As it is a decentralized exchange the exchange uses seed phrases for users to be able to exchange their Cryptocurrencies, the exchange is built to encrypted the user's phrase only on the user's device and not to be leaked. This advantage will alow users to own their assets and only them to utilize it. Users also need to input transaction password on the Atomic Swap exchange which will be asked to type in any time users want to make transactions. Users can also back up their phrases which will allow them to access their account if their device got damaged. This create a secure environment for the users and it asset.

Untransparency is another problem affecting the centralized exchange which Atomic Swap is set to solve. The market manipulation from centralized exchange are getting bigger and bigger leading to false market cap on the crypto market, creating fake orders and causing price of Crypto to fall in profits for themselves, this has been a great disappointment in the crypto space and also created lots of controversy. This has made lot investors loss interest in trading in cryptocurrency. Atomic Swap exchange features a live orderbook which is only created when others are placed in real person because bots can't be used to create order (fake orders) on the platform. When cryptocurrency for sale is place the order appears on the order book, then buyer who has the pair and want to buy will select the order from the BitTottrent order book and enters the amount of coin to swap or coin to be received, the seller then receives a notification that there is a buyer then the seller confirms the notification and both parties can check the contracts for transparency. Then both parties receive their coins. Also users can trade any amount of Cryptocurrency unlike centralized exchange which has minimum amount one can trade. This process is the best ever made on crypto because the Atomic exchange doesn't hold any cryptocurrency because every coins is always on the end user's wallet.

Huge fee is yet another big problem to ever user, centralized exchange charges are too high both the transaction fees and withdrawal fee but with Atomic Swap users will pay little or no fees on the exchange. This has been a innovation every cryptocurrency user have been waiting for, the Atomic Swap exchange will not charge fees for transactions and withdraw will be automatically based on its a decentralized exchange.

The Atomic Swap exchange also features friendly user interface and UX which enables users to utilize the platform easily without any problem. This also allows smooth running of the swap exchange and a better experience for every user. The exchange will also be comfortable as users can navigate anywhere around the exchange easily and faster.

In conclusion, the Atomic Swap exchange has already listed the top Cryptocurrencies and will continue to list more for the better of the users. The Atomic Swap team are experienced and always working to help the platform and the users creating a better and more secured cryptocurrency exchange. The team also believe that decentralized cryptocurrency exchange is the future of Cryptocurrency trading because it was created to be decentralized.

For more information about Atomic Swap exchange, visit the links below

Website: https://atomicwallet.io/token
Whitepaper: https://atomicwallet.io/download/atomicwallet-whitepaper.pdf
One pager: https://atomicwallet.io/download/atomicwallet-AWC-token.pdf
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4437634.0
Telegram: https://t.me/atomicwalletchat
Twitter: https://twitter.com/atomicwallet
Facebook: https://www.facebook.com/atomicwallet
Medium: https://medium.com/atomic-wallet
Github: https://github.com/Atomicwallet
Reddit: https://www.reddit.com/user/atomicwallet/