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).
  
This type of swap could be done with any Bitcoin coloured coin.
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Currently only BSQ to BTC is available, but this type of swap could be done with any Bitcoin coloured coin.
 
 
Currently only BSQ to BTC is available.
 

Latest revision as of 14:07, 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).

Currently only BSQ to BTC is available, but this type of swap could be done with any Bitcoin coloured coin.