Difference between revisions of "Atomic swap"
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The atomic swap protocol used by the Bisq DEX goes one step further in reducing counterparty risk: not only are users not exposed to exchange counterparty risk (since DEX holds no user funds) but it also eliminates the possibility of a buyer or seller failing to pay. The transaction is instant, automatic and final (once confirmed in a Bitcoin blockchain block). | The atomic swap protocol used by the Bisq DEX goes one step further in reducing counterparty risk: not only are users not exposed to exchange counterparty risk (since DEX holds no user funds) but it also eliminates the possibility of a buyer or seller failing to pay. The transaction is instant, automatic and final (once confirmed in a Bitcoin blockchain block). | ||
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| + | This type of swap could be done with any Bitcoin coloured coin. | ||
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| + | Currently only BSQ to BTC is available. | ||
Revision as of 14:06, 17 April 2023
Bisq has pioneered Bitcoin based atomic swaps. It is currently possible to exchange Bitcoin to BSQ atomically. BSQ is Bisq's native token built as a Bitcoin coloured coin.
The atomic swap protocol used by the Bisq DEX goes one step further in reducing counterparty risk: not only are users not exposed to exchange counterparty risk (since DEX holds no user funds) but it also eliminates the possibility of a buyer or seller failing to pay. The transaction is instant, automatic and final (once confirmed in a Bitcoin blockchain block).
This type of swap could be done with any Bitcoin coloured coin.
Currently only BSQ to BTC is available.
