Post
Topic
Board Bitcoin Discussion
Re: The problem of wrapped tokens & DEX
by
Sophokles
on 20/09/2023, 17:46:42 UTC
Atomic swaps are being used by many DEX's and dapps to trade bitcoin and ETH like coins with each other --it's not impossible. The use of the smart contract makes them trustless and vulnerable as well. Smart contracts have been the primary target of hackers for dapps, and they mostly use loopholes in smart contracts to exploit them. Though I like the way it works...either both parties will receive their desired assets or nothing at all. Cool

Atomic swaps are better than centralized bridges in many ways for cross-chain asset transfers, and I believe this board is dedicated to bitcoin-related topics when your post is mostly related to the DeFi application.