Atomic Swaps on Liquid Bitcoin Sidechain
Blockstream produced an experimental tool that will make users to trade with confidence between token launches on Liquid sidechain.
Atomic Swaps is a cryptographic technology that serves as a backbone for new decentralized exchanges that are in development. The drive for these kind of transactions is the current exchanges that are middleman trusted by users to exchange their crypto on their behalf. Many users that losses funds through this claim that they can’t be trusted with their money so atomic swap offers an alternative for these transaction. Atomic Swap specifically geared tokens launched on Liquid, a sidechain secured to bitcoin. Users must send their tokens to the sidechain to trade it to L-BTC. Morphing bitcoin though this is safer and has more privacy features. The only problem in this is that users should trust the intermediaries that run the sidechain.