Post
Topic
Board Service Discussion (Altcoins)
Re: FINALLY- we can now exchange coins between different blockchains (ETH,BTC,TRX)
by
panganib999
on 11/11/2019, 18:42:51 UTC
~snip~
It is different changelly is centralized service, this one is dcentralized and trustless.
This is interesting. How did you do that. I mean a little technical aspect will help me to understand and may be for the visitors too.
Cross-chain atomic swap shows the real essence of how Satoshi said bitcoin should be used, which is p2p, without having to trust any third party exchange (and is usually centralized). Cross-chain swaps allows users to trade bitcoin with other cryptocurrencies like ETH, TRX and such or trade bitcoin and other different bitcoin for the users privacy concern and purposes. Atomic swaps protocols that exchange two different types of cryptocurrency can introduce optionality. Optionality in financial context is expresssed by options pricing.

I think this Bitcoin Discussion board is a wrong board for this topic. The best suit will be Service Discussion (Altcoins)
Talking about the service - it seems like Changelly type ?
Changelly is a bitcoin and altcoin exchange where users can shift between coins without the need of depositing coins to the exchange. Although the service is quite similar, what makes Changelly different but what the topic is pertaining, is that changelly is a centralized exchange while the one that was mentioned in the post is using cross-chain atomic swap which makes it a decentralized one.