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This is an awesome channel. Helped me to understand crypto when I first got involved. Helping me now with atomic swaps. I think atomic swaps, if explained in plain english, can be a HUGE factor in helping to get crypto mainstream because they are such an extreme improvement over the systems we have in place right now
APOLLO CURRENCY ATOMIC SWAPS Coming in May to their DEX. APOLLO is literally the most cutting edge crypto on the Market. They just made crypto history with their release of Sharding which even ETH tried and couldnt do. They are also the fastest and most private coin. So excited about this Project
I was pretty sure the original intent was for the "exchange" to be a one-party exchange... makes sense. The "costs" involved would make perfect sense since this swapping ability is really important for the legacy crypto systems to be usable and survive into the future. Under the circumstances as you present them I would expect to be able to see a list of "asks" and "bids" so that people could state exactly how many BTC they would be willing to exchange for how many LTC....
I can see a market emerging but then again, such markets already exist all over the world in the form of standard crypto exchanges. It's likely price will be set there without much divergence seen on atomic swap markets.
I hate, when people tell me to subscribe, especially when it's before the video. I almost always subscribe after watching the first video of a person, when I liked it, and I almost never activate the bell, except for a hand full of my favorite channels. Don't watch and dislike.
I doubt IOTA has any real resistance to quantum computing, given how lax they were with rolling their own crypto (see: old.reddit.com/r/Iota/comments/82kt9r/why_is_rolling_your_own_crypto_so_bad/) It's probably just a buzzword at this point for a crypto to claim quantum resistance, much like ASIC resistance.
I use 100% decentralized and easy-to-use Atomic Swaps through Beam Privacy's atomic swaps board. I've been in crypto since 2016 looking for atomic swaps and that one's my favorite
What is the different between Atomic Swaps and such other things like pancake swap or UniSwap? Is it the Smart Contract inclusion? Can you really easily be scammed by using non-atomic swaps? Thanks for this explanation
Hi Nate. Thx for your clarity, it helps a lot. Just a question, you do the exchange, what about the costs for processing? The gas? How/from where is that collected? Thx
2:51 why cant fiat currencies be exchanged in atomic swaps? A digital yuan cant be swapped for a digital ruble even if both their central banks issues digital fiat?
Do I get taxed when I swap coins? I could just keep swapping them easily making money apart from trading fee! But I wouldn’t cash out for a good 6 years so continually swapping coins and getting more money does that work? No one has really ever answered this question
Hey there, if you want to sell your Bitcoins and get CAD, you'll need to: 1. Find a Bitcoin/cryptocurrency exchange 2. Deposit your Bitcoins on that exchange 3. Sell your Bitcoins for CAD on the exchange 4. Withdraw the CAD to your bank account Here's a list of the top Bitcoin exchange today: 99bitcoins.com/best-bitcoin-exchanges-comparison-review/ Hope this helps
Thanks for a helpful vid.. great baseball analogy .... one question if i may... how do buyers and sellers find each other? Isn't there still a need for a market maker of sorts? Regards Simon... Australia
This is an amazing explanation! I have some questions though: I guess, to use your example, BTC and LTC chains have to be interoperable of some sort? How is this achieved? Through sidechains? Also, how can this be done free of charge without any fees involved? Is this all because of the Lightning Network? To be fair, I still need to research that topic.
Atomic swaps rely on the same technology which facilitates Lightning Networks, specificially Hash Time-Locked Contracts. HTLCs are essentially smart contracts which release funds contingent upon a condition being met within a certain timeframe. In the case of atomic swaps, the condition is the receipt of the crypto. So person A who wants LTC sends their BTC to a smart contract. This smart contract pays out the BTC to person B's address provided person B's LTC is received by the contract by X time and date. Person B's situation is a mirror. As far as I know, for atomic swaps to work, both coins must be Lightning-compatible.
In the implementations I've seen, an order book is used which resembles a regular exchange. You browse existing orders or place one of your own. In other words, the exchange rate is determined by market participants.
if the atomic swap powered DEX you are using have enough liquidity it makes CEX obsolete indeed because it's cheaper (less fees) faster (no deposit delays) safer (you always own you keys) and more private (there is no KYC since you are using a DEX) But like I said it needs liquidity (i.e people marketmaking) In my opinion $KMD with AtomicDEX is leading this tech
@@jessicawiley9592 I don't think we know each other maybe I reply to a post to yours or something but I can't bring your picture up large enough to really recognize
