They specify the second atomic exchange between Bitcoin and Litecoin in Lightning Network

The network of Lightning Network has registered the second live reproduction of an atomic exchange (Atomic Swaps) between the Bitcoin blockchain and Litecoin, action that confirms how advanced the tests are for the instant exchanges between crossed chains and verifies their long-term functionality .

The reproduction was made by the developer Daniel McNally in conjunction with the Exchange Union team, who uploaded the show to YouTube and communicated on their social networks how an instant cryptocurrency exchange was made between the Bitcoin blockchain and Litecoin executing Atomic technology Swaps on two Lightning Network nodes.

To understand in depth, the Atomic Swaps, also known as atomic exchanges or exchange of crossed chains, are a specialized technology that allows exchanges between riptomonedas in different block chains without the need for the intermediation of a third party as a house of exchange .

The statement confirmed that the exchange action needed a lot of development work, and even some hacking, to work effectively. However, it was also confirmed that commercial exchanges will be made in a much simpler way.

The Exchange Union group ensures that this type of atomic exchanges will preserve the privacy of user transactions since they leave no trace of the transaction. They also assured that it is an infallible technology with very low commissions, being these the most beneficial characteristics of the Atomic Swaps.

As if that were not enough, they also consider that this latest test carried out on the Lightning Network is a confirmation that Atomic Swaps are a sustainable technology over time and that in the future they will play an important role in the blockchain. "It is tangible proof that the underlying technologies that drive Exchange Union (inter-chain atomic exchanges in payment channels) work in practice," the statement said.

This last reproduction turns out to be the second atomic exchange carried out between the Bitcoin and Litecoin networks, the first one was held last November of 2017 and marked a milestone in the history of transfers between both networks. In addition to these blockchain, the Atomic Swaps have also shown their capabilities by making exchanges between Bitcoin and Ethereum, as well as between Zcash and Ethereum.

The project has also managed to guide the Litecoin and Monero networks to carry out atomic exchanges in the near future. In follow-up of future projects, the Exchange Union organization plans in the coming months to prepare to continue producing exchanges, merge with Lightning Network and carry out a group of tests in its XUD node for the next month.

In this sense, together with the Lightning Network -software dedicated to creating parallel payment channels in blockchain- and SegWit, the Atomic Swaps become another solution for the scalability of the blockchain, providing users with economic and instant transfers that could help to decongest the networks and massify the adoption of cryptocurrencies.