Cross-Chain Asset Transfer: Implementing Atomic Swaps for Blockchain Interoperability
Keywords:
atomic swaps, cross-chain asset transfer, blockchain interoperabilityAbstract
Many distributed ledgers have sprung from the blockchain. Heterogeneity hinders blockchain workflow and asset transfers. Atomic swap peer-to-peer blockchain transactions may help. Atomic swaps' technology, implementation, and cross-chain asset transfer consequences are investigated.
Cryptographic atomic swaps enable trustless blockchain transactions. The HTLCs fulfill atomic swap or asset returns criteria. Automation and security decrease cross-chain HTLC counterparty risk. Timestamps and hash functions ensure atomic swap procedures in HTLC cryptography.
Atomic swaps include joint permission, HTLC deployment, and swap execution. Includes level-specific technical requirements. Off-chain interactions, multi-signature wallets, and network-specific factors affect atomic swap design and flow.
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