BTC, ETH, DAI Cross-Chain Atomic Swaps Launched By Liquality on Mainnet
Marie Huillet's original article for cointelegraph.com reduced by 49%
Peer-to-peer cryptocurrency solutions project Liquality has launched its interface for cross-chain atomic swaps between bitcoin, ether and stablecoin dai on the mainnet. Atomic swaps are a solution that enables the exchange of one cryptocurrency for another without the need for a trusted third party or centralized exchange infrastructure. Liquality is contributor-led, open-source project that focuses on developing trust-minimized and peer-to-peer crypto exchange solutions.
Its launch of the Liquality Atomic Swap Interface alpha will now enable users to swap BTC, ETH and DAI directly between their Ledger or Metamask crypto wallets. In the blog post accompanying the new release, Liquality also provides updates on developments thus far in 2019, which include the publication of educational content on both atomic swaps and hash time locked contracts. Among these are Trezor integration, Segwit support, support for litecoin and privacy coins, automated swaps and customizable parameters for lock times and mining fees.
Given the persistence of centralized crypto exchange hacks - including several major incidents thus far in 2019 - development of non-custodial exchange methods is gaining steam, including decentralized exchange services and atomic swap-enabled over-the-counter trading.
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