Here is an article that eliminates Bitcoin atomic changes in simple terms:
Ethereum: Can anyone Eli5 (explained as 5) for Bitcoin atomic swaps?
Imagine -you have some muscles, let Sal’s 100 dollars and you want a toy toy toy. You still don’t know what toy yet, so you’re here with your friend: “Hey, I’ll give you my money ($ 100), but instead I’ll get 10 toys.
problem
Now come on sales in IT Gam: Player 1 and Player 2. Away.
For a work of a transaction, you need it called “atomic swaps”. Atomic swaps are like details that can send money back to you and your friend.
What is an atomic swap?
An atomic swap is a type of type in bitcoin (and cryptocurrencies) in which two parts agéde differ er. It is qualified “atomic” because everything happens, like magic!
Here’s how it works:
1 ..
- Your freedom creates a similar transaction that says: “Take 10 coins and give me theme.”
- Both broadcast (send) transactions to the network.
4.
5.. On everything that is versed, the transaction will blend in the blockchain.
Magic happens
*
Now Hee’s Wheeteresting. As the atomic swaps involve two different transactions, the network must be from the figure in the conflicts. This is called “rebalancing”.
Imagine that you have $ 100 in the transaction and another $ 100 in another transaction. How do you recover your coins?
To remedy, a new transaction can be credited,: “Take 10 coins from me (in the free transaction) and give it to me. This transaction is called” atomic swap “.
Why atomic swaps are important
Atomic swaps have many advantages:
- I am easy for some and share cryptocurrencies with one without each other.
- Reduce the amount of money to be between individuals.
- They can afford fat and security traits, for whom, for you of complex cryptography.
Conclusion*
In Hummarary, atomic swaps are a type of type in bitcoin (and cryptocurrencies) or each. It’s like a magical business that happens everything at a blockchain! Using atomic swaps, on illegal and free cryptocurrencies, it must look for each exterior, it is easier and faster.
I hope this explanation has helped you to understand Bitcoin atomic swaps a little beter!
