Definition ∞ An Atomic Asset Swap is a direct, peer-to-peer exchange of different digital assets across separate blockchain networks without requiring a trusted third party. This process ensures that either both assets are exchanged successfully or neither is, preventing one participant from losing their funds. It uses cryptographic protocols to guarantee the simultaneous execution of both sides of the trade.
Context ∞ Atomic asset swaps represent a significant advancement for interoperability in the decentralized ecosystem, lessening counterparty risk in cross-chain transactions. While technically complex, their advancement is vital for creating a more connected and efficient digital asset environment. News often reports on breakthroughs in atomic swap technology and its adoption across various blockchain platforms.
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