In our previous #PixelSwap101, we introduced what Atomic Swap is and how it works. Today, it’s time to know the advantages of Atomic Swap, and then understand why we called it the pearl of TON DeFi.
Atomic swaps provide traders with advantages that are not available through other solutions:
• Lower fees: The absence of a third party reduces transaction costs, leading to lower fees.
• Cross-chain interoperability: Users can exchange assets across different blockchains without losing custody of their assets or private keys.
• No fiat currency involved: Crypto users can exchange assets directly, without the need for fiat currency.
• Faster transactions: Transactions are executed swiftly through smart contracts, which automatically execute once both parties fulfill their obligations.
• Enhanced security: Smart contracts offer higher security by ensuring users regain their assets if the other party fails to fulfill their part of the agreement.
• Reduced counterparty risks: No need to trust a centralized third party, allowing traders to maintain complete control over their assets.
• Deeper liquidity: Cross-chain interoperability increases asset liquidity by making them tradeable across different blockchain networks.
• Direct asset-to-asset swaps: Users can swap crypto assets directly without needing to first convert to a stablecoin or make multiple transactions.
• Guaranteed outcomes: Smart contracts guarantee that trades execute as described or users receive their funds back.
Rewards always come with challenges, and as a complex technology, Atomic Swaps also present certain development difficulties on TON Blockchain, PixelSwap has largely overcome these challenges and will soon launch the most innovative Atomic Swap solution. Stay tuned!
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